Prepaid voucher solution from Paysafe now available in 50 countries

Asunción, Paraguay, April 27, 2020 – paysafecard, a market leader in online prepaid payment solutions and part of specialized payments platform, Paysafe, continues to strengthen its presence in South America by launching in Paraguay.

paysafecard enables consumers to shop for goods and services online, simply and securely, using a 16-digit PIN to complete the payment transaction. It opens up significant possibilities for online shopping for millions of consumers who were previously excluded – either because they don’t have a bank account or credit card, or because they don’t want to share their bank account details on the internet, often for security reasons.

Out of Paraguay’s seven million inhabitants, about 65% have internet access while mobile phone penetration is relatively high at 96.6%. As of 2017, only 31% of the population had bank accounts and just 6.5% of the adult population had credit cards. As such, paysafecard provides an ideal solution for Paraguayans to use prepaid vouchers to make online purchases conveniently and without the need for bank accounts or credit card information.