GlobalCollect, paysafecard expand agreement in Latin America

Netherlands-based payment services provider GlobalCollect has expanded the coverage of paysafecard on the Latin American market by making this online payment option available in Argentina. Paysafecard targets users who either do not own or are reluctant to using a credit or debit card for online purchases and other micro payments on the internet. paysafecard is available in EUR 10, EUR 25, EUR 50 and EUR 100 e-vouchers at over 230,000 outlets across Europe and South America. Users authorise payments by entering a PIN code, similar to the system used with prepaid phone cards. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico. GlobalCollect's online payment platform offers a portfolio of local payment methods for 170 currencies. Serving online, mail and telephone order businesses in various industries, the company also offers technical connections to local payment processors, which include bank account network management, matching, reporting, and fund remittance solutions; invoice
management, card fraud prevention, bank account validation, and direct debit fraud tools.

 

Matt Koren is the President of Priority Payments Northwest, a Merchant Services Provider located in Portland, OR. He runs his company in addition to his management consulting practice as an Associate with Causeit, Inc. You can contact him by filling out the Contact Us page, or by calling 866-402-1485.