Mastercard partnership to support ambitious European growth plans for Skrill and NETELLER prepaid cards
Paysafe, a leading specialised payments platform, has 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.
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.”
Paysafe also announced that Skrill, the online payments company behind Skrill Money Transfer, is immediately dropping all fees and foreign exchange charges for anyone using Skrill Money Transfer to send money to Italy. There will also be no charges for recipients in Italy. The decision was announced today by Skrill CEO, Lorenzo Pellegrino, an Italian national, in a bid to support people across the country during the current COVID-19 outbreak.
Skrill was founded in 2001 and its money transfer service allows customers to send money from anywhere in the world directly to people in over 40 countries, including Italy. The recipient doesn’t need to have a Skrill account to receive funds, which can also be sent to bank accounts and mobile wallets.
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.
With over 20 years of online payment experience, an annualised transactional volume of over US $85 billion, 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.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
