Paysafe to showcase the future of online payments with Cash and Pay Later solutions at DMEXCO

  • German debut of Paysafecash for secure cash payments online
  • Fast and efficient online and POS payments from Paysafe Pay LaterTM


Vienna, 4 September 2018
Global payments provider Paysafe will be showcasing two key innovations from its unrivalled portfolio of proprietary solutions for businesses and consumers at DMEXCO, Europe's largest trade show for the digital industry. Paysafecash and Paysafe Pay LaterTM (payolution GmbH) will be exhibiting at booth A060 in hall 7 at the event on 12-13 September 2018 in Cologne.

Among the key topics covered at DMEXCO are the current trends in the burgeoning eCommerce space, where innovative payment solutions play a crucial role and digital marketing experts from around the world are looking for developments and expertise. Paysafe will be highlighting the benefits of Paysafecash and Paysafe Pay LaterTM – two very different solutions for convenient and secure payments.

Paysafecash - for ultra-safe cash payments online

Paysafe will be presenting its new payment solution, Paysafecash, in Germany for the first time at the event. The pioneering payment option is designed to meet consumer needs following the growth of cash-based payments on the internet, as shown by a recent study from Paysafe among consumers in Germany, Austria, the UK, the US and Canada, entitled ‘Lost in Transaction 2018’:

  • 87% of consumers had used cash to pay for something in the last month.
  • 93% of Austrians and 88% of Germans had withdrawn cash from an ATM in the previous month.
  • 63% of consumers said they feel more comfortable purchasing online via a payment option where their financial details are not shared.
  • At the same time, in the EU alone, more than 130 million adults either do not have a bank account or do not have the ability to make electronic payments (and do not therefore participate in eCommerce)[1].

Against this backdrop, Paysafe will be showcasing Paysafecash, a completely new form of cash-based payment on the internet. Paysafecash is free for consumers and easy to use:

  1. Generate barcode The customer selects “Paysafecash” in the online shop as the payment method, loads the generated QR/barcode to his wallet, sends it to his mobile phone or prints it out.
  2. Find payment point Using the search function, the customer finds the nearest Paysafecash payment point.
  3. Scan & pay The customer has the QR/barcode scanned by sales staff in a payment point (e.g. a petrol station or corner shop) and pays the amount due. The online shop processes the order directly after payment.

Udo Müller, CEO of paysafecard, explains: "We want to maximise the benefits of online shopping for as many customers as possible. Anyone who does not own a bank account or credit card, or does not want to share their personal details online, should still have the opportunity to take part in the digital revolution and buy things via the internet in a flexible and safe way. Paysafecash makes this possible at no cost to the consumer."

Paysafe Pay LaterTM, with a new identity and pay by instalment solution for bricks-and-mortar retailers

Pay Later payments - where the payment takes place after the point of purchase - are the specialism of Paysafe Pay LaterTM, the newly-branded payolution GmbH. These types of payment are especially popular in German-speaking countries, as shown by Paysafe’s research which indicates that payment by invoice is considered the safest option when shopping online, according to consumers in Germany (49%) and Austria (55%). Pay by instalment is also growing in popularity, giving consumers the opportunity to spread the cost of high-value items, manage cashflow more effectively, or take advantage of low-interest offers. Having been focused on eCommerce to date, Paysafe Pay LaterTM has recently developed its omnichannel solutions, offering an uncomplicated, fast and flexible instalment payment option in store too.

The Paysafe Pay LaterTM service allows the customer to choose the pay by instalment option at the cashier and complete their purchase in just three steps and under five minutes using a real-time credit check, making it ideally suited for bricks-and-mortar retailers. The duration and denominations of repayment can be selected and tailored for the individual and the retailer.

Existing in-store use cases of Paysafe Pay LaterTM show that a tailor-made solution can reduce staff time at the checkout by as much as 75 percent. The service is also offered as a white label solution, completely in the look and feel of the retailer.

Claire Gates, CEO of Paysafe Pay LaterTM, said, "Our strength is in the years of experience we have as a strategic partner for the retailer in the checkout process. Our Pay Later solutions enable a seamless buying experience across all channels, making us more than just a payment provider - we are the partner you call when you need a straightforward, flexible and fast checkout solution. The growth of our service from eCommerce and into the world of physical in-store retail is testament to the strength of the service we provide."


[1] Mastercard, Road to Inclusion Study, Key Learnings Report I 5 December 2016


About Paysafe

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. 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. With over 20 years of online payment experience, a combined transactional volume of US $56 billion in 2017 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. For more information, visit www.paysafe.com .

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Media Contact:


Stefanie Möllner, paysafecard I stefanie.moellner@paysafe.com
+43 1 720 838 0-205

Robert Bauer, asoluto public relations gmbH | presse@paysafecard.com
+43 1 533 36 53-60