VISA and Paysafe group had announced the partnership
31 of January Paysafe Group announced the strategic partnership with VISA on Europe market.
Now Paysafe Group have the right to produce the Prepaid VISA cards in Europe. This partnership is a part of the company’s strategy of strengthening positions in the rapidly growing field of banking services. Visa will have an access to the tech and Paysafe’s customers bases in SEPA countries
“The ease of use and access to prepaid cards is contributing to the drive for cash alternatives, and the awareness of these solutions is growing rapidly. The market is growing at a significant rate as the benefits of prepaid cards are realised among both consumers and businesses. Our card issuing partnership with Visa is a real milestone for us, to support us in offering a popular and reliable service to cardholders.”
CEO Skrill, NETELLER and Income Access
The Prepaid technology
According to the Allied Market report, the sector of prepaid banking services will already be valued at $ 3.653 billion by 2022. Europe accounts for more than 49.1% of world income, which causes the interest of many companies in this area. The popularity of the Prepaid payment method is due to the unique functions for the users.
Main features are:
- Impossibility of negative balance – user can spend only those money that are deposited on the balance.
- When such a card creates, there’s no additional documents required. This ensures the safety of personal data.
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