paysafecard now also available in Canada

Vienna / Berlin, 12 July 2012 – paysafecard’s "Cash for the Internet" is now also available in Canada. With about 27 million Internet users and a user rate of more than 80%, Canada is one of the top 20 "Internet Nations". Entering the Canadian market is a logical step for paysafecard group as part of its international expansion strategy. The company, an expert for prepaid payments on the Internet, was founded in 2000.

With the launch in Canada, paysafecard group continues the development of non-European markets which began in 2009 in Argentina, followed by Mexico and the United States. paysafecard is Europe's leading prepaid means of payment. It allows consumers to pay quickly and securely over the Internet.

Michael Mueller, CEO of paysafecard group: “Canada still has enormous potential for prepaid payment solutions. Security concerns are still holding off many consumers from purchasing online. paysafecard as a prepaid means of payment now fills this gap.”

Canada is a highly developed market for online games. According to the Entertainment Software Association of Canada, 59 per cent of Canadians play browser games and console games on the Internet. "Online games have always been an important market for paysafecard. Especially when it comes to smaller amounts such as micropayments, paysafecard is the ideal solution. It doesn’t charge any fees to the consumer and it’s easy to use, fast, and secure,” said Mueller.
 
Dense network of sales outlets

At its launch in Canada, paysafecard is available in 22,000 retail outlets. "We are constantly expanding our network of retail outlets - in new and existing markets. In Canada, we managed to team up with big distribution partners right from the start. This also speaks for the high potential for prepaid products in this country,” said Mueller.

About paysafecard group: The paysafecard group, founded in 2000 in Austria and Germany, operates in 31 countries worldwide with offices in Vienna, London, Lucerne, Buenos Aires, Mexico City and New York. With its successful online prepaid vouchers, the paysafecard group has established itself as Europe’s leading provider of prepaid payment solutions. In 2012 the group won the Paybefore Award for being the ‘Best Digital Currency’ and the Paybefore Award Europe for being the ‘Most Innovative Prepaid Solution’. For more information, please visit www.paysafecardgroup.com

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Prepaid Services Company Ltd. is regulated by the Financial Conduct Authority (FCA) in Great Britain and is authorised to issue electronic money (registration number: 900021). The Financial Conduct Authority can be viewed at www.fca.org.uk.

For US customers: paysafecard is issued by The Bancorp Bank; Member FDIC.

paysafecard.com Schweiz GmbH mit Sitz in Business Village Luzern, Platz 6, 6039 Root D4, Switzerland ist ein der Eidgenössischen Finanzmarktaufsicht (FINMA) direkt unterstellter Finanzintermediär.

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