Vienna, 18 July 2019 – Paysafe Group (Paysafe), a leading global payments provider, has collaborated with the world’s biggest video streaming platform YouTube. The partnership will see YouTube add the popular online prepaid solution, paysafecard, as an alternative payment method for YouTube Premium in France, Germany, Spain and the UK. With the addition of paysafecard as an easy and safe online cash payment option, millions of additional consumers are now able to sign up to YouTube’s premium content service.
YouTube Premium is a paid membership that provides an enhanced, uninterrupted experience across YouTube, YouTube Music, and YouTube Gaming. YouTube Premium benefits include ad-free videos, access to YouTube original content and the ability to save videos and songs onto a mobile device to watch offline.
More than 130 million Europeans currently lack sufficient access to financial services to be able to participate in the digital marketplace.¹ From now on, customers without a credit card or digital banking services, or those who simply don’t want to enter their financial data online for security reasons, can pay for their YouTube Premium service using paysafecard.
paysafecard can be purchased via a network of over 650,000 sales outlets around the world which spans across the countries where paysafecard is now available as a payment method for YouTube Premium. Outlets include leading petrol station chains, supermarkets, lottery retailers and kiosks.
The collaboration between Paysafe and YouTube Premium is the latest development in the partnership between Paysafe and Google. It follows the successful roll-out of paysafecard as a payment method across the Google Play store, first announced in June 2018.
Commenting on the expansion of the partnership, Udo Müller, CEO of paysafecard, said: “paysafecard provides an easy and secure way for consumers to pay for goods and services online by removing the need to share financial data. We’re delighted to be extending our relationship with Google to support additional services in its portfolio. By giving customers the option to pay for its service using cash online, YouTube Premium is opening up its membership to millions of additional customers.”
NOTES TO EDITORS
paysafecard, market leader in online prepaid payment solutions, was founded in 2000 and is headquartered in Vienna. paysafecard is part of the international Paysafe Group, which provides a broad portfolio of innovative payment solutions and services. paysafecard offers prepaid and online cash solutions under the brands paysafecard, my paysafecard, paysafecard Mastercard ® and Paysafecash. Available in over 650,000 sales outlets worldwide in almost 50 countries, paysafecard enables simple and secure online transactions. By using a 16-digit paysafecard PIN, customers do not need an account or credit card to pay on the Internet, protecting their confidential financial information. In 2018, paysafecard developed Paysafecash, with which customers can pay for online purchases with cash easily and securely. Paysafecash is already available in several European countries and Canada. In 2018, paysafecard reached a transaction volume of more than 3 billion euros.
About the Paysafe Group
Paysafe Group (Paysafe) is a leading global provider of end-to-end payment solutions. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions.
With over 20 years of online payment experience, an annualized transactional volume of over U.S. $85 billion, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.
Visit us at www.paysafe.com.
For media enquiries, please contact:
Director of Corporate Communications, Europe and Asia, Paysafe Group
E: Anna.Howard@paysafe.com M: +447585 967772
¹ The World Bank, Global Financial Inclusion 2018