Paysafe and Mastercard extend strategic partnership

Paysafe and Mastercard extend strategic partnership
12.03.2020 09:16 am

Paysafe and Mastercard extend strategic partnership

Payments

Paysafe, a leading specialised payments platform, has today announced an expanded strategic partnership with Mastercard. The new agreement is designed to support Paysafe’s growth and card acceptance in the European Economic Area (EEA) with a particular focus on Paysafe’s card issuing solutions, including its Skrill Prepaid Mastercard® and NETELLER Net+ Prepaid Mastercard®.

Paysafe has been a Principal Member of the card scheme since 2013. As part of the new agreement, Mastercard will support Paysafe’s product development and innovation, including digital enablement for its services. The focus of the new partnership will include enabling digital payment methods such as Apple Pay and Google Pay.

Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access at Paysafe – responsible for the company’s card issuing division – commented: “At Paysafe we have a relentless focus on creating a leading customer experience for both our consumer and merchant customers, and that includes our ability to innovate and scale in order to meet demand. We value the role that Mastercard plays in supporting us to do this.” 

Scott Abrahams, Senior Vice President, Business Development and Fintech at Mastercard in the UK said: “We are delighted to be entering this next phase of our relationship with Paysafe, supporting their ambitions to leverage prepaid and e-commerce acceptance across Europe as they grow.”

In Europe alone, Mastercard is the partner of choice for more than 60 digital banks and fintechs, which has doubled in the last two years, and is testament to our strategy of working with fintech partners from their inception. Mastercard Start Path is an award-winning programme that enables later-stage tech start-ups to rapidly scale through unparalleled access to Mastercard’s technology, solutions expertise and global partnerships.

Related News

PPRO adds European Paysafecash to its robust local payment method platform

Today, PPRO, the leading local payments platform-as-a-service, announces that it has released a direct integration with Paysafecash, in a move that signifies the brand’s... Read more »

Paycircle and PayDashboard partner to fully digitise payroll and payday experience

Cloud-based payroll provider, Paycircle, and interactive payslip platform... Read more »

SumUp ramps up support for local businesses via Gift Card partnership with Google My Business

UK-based payments service provider SumUp (www.sumup.co.uk), today announces a  partnership with Google - which will... Read more »

Royal Bank launches ‘Tyl’ to help Scottish business build for the future

Royal Bank of Scotland has announced the launch of a new, innovative payments service in Scotland. ‘Tyl’ is designed to make it easier for... Read more »

O-CITY joins the Visa Ready for Transit program to drive contactless payments for mass transit systems globally

BPC’s smart city payment division, O-CITY, has joined the Visa Ready for Transit program for mass transit systems. Visa Ready for Transit program is designed for companies,... Read more »

Marqeta powers Capital on Tap’s expansion to Spain

Marqeta, the leading global modern card issuing platform, today announced it has helped one of the UK’s fastest-growing... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel