paysafecard now available in Mexico

Vienna/London/Mexico City 15th September 2010 – paysafecard, Europe's most popular prepaid voucher for Internet payment, is now available in Mexico. The opening of a new subsidiary in Latin America's second-largest economy marks the next step in paysafecard's expansion plans to establish the voucher in Latin America.

"The market potential for prepaid payment methods in Latin America is tremendous," says Michael Mueller, CEO of paysafecard group. "The demand for international prepaid solutions was enormous when we introduced paysafecard in Argentina. Now we experience a similar demand in Mexico where credit and bank cards still have low market penetration. A solution like ours enables hundreds of thousands of people who do not have a credit card or a bank account to make purchases online."

The voucher is already a widely accepted payment method in Argentina where it was introduced in June 2009. With the introduction of paysafecard into Mexico, paysafecard group now operate in 25 countries worldwide.

paysafecard vouchers function like a charge card for mobile phones. When making a payment, customers' financial privacy remains fully intact. The voucher's 16 digit pin code is all that is needed to make a transaction. The amount paid is then debited from the paysafecard balance, which can be checked online at any time. The vouchers are available in several denominations (Mexico: MXN 100, MXN 250, MXN 500 or MXN 1,000) and can be bought at 280,000 outlets in Europe and Latin America. More than 3,500 web-shops around the world accept paysafecard as a payment method.


About paysafecard group: The paysafecard group, founded in 2000 in Austria and Germany, already operate in 25 countries worldwide with offices in Vienna, London, Bern, Buenos Aires and Mexico City. With the successful online prepaid vouchers paysafecard and Cash-Ticket, the group have established themselves as Europe's leading provider for prepaid payment solutions. In 2009 the group won awards for being the "Leading Prepaid Organisation" and the "Best Prepaid Company outside USA". For more information, please visit www.paysafecard.com

Media contact: Ludger Voetz | ludger@braun-pr.com | +44.20.7866.5454