16.03.2021

Paysafe partners with Provema to enable online cash payments for loans and insurance purchases

New collaboration allows eCash wallet loading using Paysafecash

Vienna, Austria; March 16, 2021: Leading specialised payments platform, Paysafe, today announces a new partnership with Provema, a Polish fintech company offering a wallet application for financial management. This new collaboration will allow customers to use the leading online cash solution Paysafecash to pay for Provema’s services and manage their finances.

With cash still the preferred payment method in Poland, accounting for 49.6% of the total value of transactions in the country¹, interest in contactless cards and mobile applications is also increasing. Enabling an online cash top up for the Provema Wallet takes both interests into account and improves access to this multi-tasking solution that collects the best offers for loans and insurance products for its customers.

Paysafecash is easy to use:

  1. The customer selects Paysafecash to top up their Provema Wallet.
  2. The app generates a Paysafecash barcode.
  3. Using the search function, the customer finds the nearest of close to 2,800 payment points in Poland where the barcode is scanned and payment is made.
  4. The customer can then use the balance in their Provema Wallet to make a loan payment or purchase insurance directly via the app.

Udo Müller, CEO of paysafecard, the team behind Paysafecash, said: “Paysafecash provides an easy and secure way to use cash for online payments and deposits. This new collaboration with Provema extends the reach of the company’s services to cash-reliant customers in Poland. It allows cash-users to take advantage of digital wallet offers as they look for the best and most efficient solutions for financing and insurance products.”

Grzegorz Szulik, CEO and Founder, at Provema, added: “We decided to give people what they expect - multi-tasking solutions. This is how the Provema Wallet was born. Our customers expect express transfers, great loyalty programmes and, above all, easy deposit methods for their account. Partnering with a well-established product like Paysafecash, with its extensive distribution network, adds considerable convenience and as such hopefully increases our reach.”

 

About Paysafecash

Paysafecash, from leading specialised payments platform Paysafe, is an eCash payment method for customers who want to pay online easily and safely using cash. Available in nearly 30 countries, Paysafecash makes online transactions possible for customers, who do not have a debit or credit card, or who do not want to use them online. Payments are made by generating a barcode during the online checkout, which can then be scanned and paid for in person at one of more than 190,000 payment points. Paysafecash was launched in 2018 by the same Paysafe team who created the award-winning, prepaid cash solution paysafecard in 2000. A market leader in eCash payment solutions, paysafecard allows customers to buy prepaid vouchers that they can then redeem online.

 

About Paysafe Group

Paysafe Group (Paysafe) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of over US $98 billion in 2019, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 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.  Further information is available at www.paysafe.com.

 

Contact Details

Sanna Raza, Corporate Communications Manager, DACH | sanna.raza@paysafe.com

+43 676 765 7202

 

 

Source: ¹Statista, 2020