Q3 Trading Update and Capital Markets Day
LONDON, MONTREAL and NEW YORK (10 November, 2015) - Paysafe Group Plc, formerly Optimal Payments Plc, (LSE AIM: PAYS, "Paysafe", the "Group" or the "Company") provides an update on third-quarter trading ahead of its Capital Markets Day presentation in London later today.

Trading Update
· The Group has continued to enjoy strong trading during Q3 and full-year Group revenue and EBITDA before synergies are in line with management expectations.
· The acquisition of digital payments business Skrill completed in August 2015. The Group is pleased to report that the acquired business has completely absorbed the continuing adverse impact previously disclosed in relation to Greece and is nonetheless trading in line with the management expectations set out at the time of the transaction.
· In addition, the integration of the new Group is proceeding ahead of schedule - as a result, circa $5-10 million of synergy savings are expected to be achieved by the end of Q4 2015, ahead of management's previously-expected Q1, 2016 timeline.

Paysafe President and CEO Joel Leonoff said:

"This has been a transformational year for the Company. We are particularly encouraged by the positive momentum we are seeing across all our divisions. We are trading well due to the continued strength of our business, strong cost control and accelerated synergies arising from the Skrill acquisition. Our growing digital payments business, under our new Paysafe brand, is focused on delivering sustainable profitable growth and we are very pleased with the progress we are making."

isn't this the FOURTH change of name for this company!!??

Yes. I'm not sure why some management teams think that changing a name enhances the company's profile. I suppose they think it draws a line under the past (possible dubious history) and encourages new investors. Or maybe there are some nasties lurking in the old set of books..........!!!!

I'm not sure but think I saw pigs flying this morning -- must be a reason for it !!!

Berenberg views payment services industry as a structurally growing industry, it says in note as it initiates European payment coverage.

- sector's transaction volume growth drive by GDP growth and non-cash based transactions gaining share vs. cash.
- M&A activity is rife as new money from venture capital funds is attracted by growth

Paysafe Group preferred stock in industry and sees its discount vs sector is unjustified. New buy, tp 431p

Good to see main list within a month. Should now see funds/trackers getting in.

Proposed move to Main Market
LONDON (25 November, 2015) - Further to previous announcements, Paysafe Group Plc confirms its intention to apply for admission to listing of its ordinary shares to the premium segment of the Official List of the UK Listing Authority and admission to trading on London Stock Exchange plc's main market for listed securities. Pursuant to Rule 41 of the AIM Rules for Companies, the Company therefore hereby gives notice of the intended cancellation of trading of its shares on the AIM market of the LSE.

It is expected that the Company's shares will be admitted to the Official List, commence trading on the Main Market and simultaneously be cancelled on AIM effective at 8.00 a.m. on 23 December 2015 (the "Admission Date"), subject to the receipt of the necessary approvals from the UK Listing Authority and the LSE. The Company will issue a prospectus in connection with the Admission prior to the Admission Date. The prospectus will be made available on the Company's website at www.paysafe.com.

The Company is not raising any funds or issuing any new shares in connection with Admission. No Shares will be offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the prospectus.

The completion of the acquisition of Skrill in August 2015 provides the Company with a solid platform for the move, and the Board considers that admission to the Official List will increase the Company's profile, assisting in the liquidity of the Company's shares and providing a greater range of potential investors for the Company.

Following Admission, shareholders in the Company will be able to trade shares on the Main Market.

Following completion of the move to the Main Market, it is expected that the Company's ordinary shares would be eligible for inclusion in the FTSE 250 Index of the London Stock Exchange. The Company anticipates the date at which the Company will be considered for inclusion in the FTSE 250 Index will be the quarterly review in March 2016.

StockMarketWire.com
Paysafe Group said it cyber breaches back in 2009/10 resulted in limited account details of 3.6m Neteller accounts falling into the hands of third parties, along with basic personal details relating to 4.2m Skrill accounts.

"Such data does not include passwords, card data or bank account information. Paysafe engaged a major accounting firm as part of its investigation, which has verified these findings," the company said.

It said less than 2% of those Neteller and Skrill accounts were active in the six months to Nov. 1, 2015.

"The Company believes that this data emanated from the cyber-attacks in 2009 and 2010 and is not aware of any similar breaches since that time.

"The Company is confident that this data will not in itself allow any existing NETELLER or Skrill customer accounts to be accessed."

All financials doing well today, PAYS no exception. Through 370p level.

11 December 2015
PLACING OF 35,106,454 ORDINARY SHARES IN PAYSAFE GROUP PLC ("PAYSAFE" OR "COMPANY")
Further to the announcement released on 10 December 2015, entities owned by certain funds ("CVC Funds") advised by affiliates of CVC Capital Partners SICAV-FIS S.A., and certain funds managed or advised by affiliates of Investcorp ("Investcorp" and together with the CVC Funds, the "Sellers") have sold an aggregate 35,106,454 shares in the capital of the Company at a price of 346 pence per share (the "Placing"). Following completion of the Placing, the CVC Funds and Investcorp will hold no more ordinary shares in the capital of the Company.

The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on 15 December 2015, subject to the satisfaction or waiver of certain customary conditions. Barclays Bank PLC, acting through its investment bank ("Barclays"), is acting as Sole Global Coordinator and Bookrunner and Canaccord Genuity Limited ("Canaccord") is acting as Co-Lead on the transaction (Barclays and Canaccord, together the "Banks").

Paysafe Group Plc

Publication of Prospectus, Cancellation of Trading on AIM and Admission to Trading on Main Market

LONDON (18 December, 2015) - Further to previous announcements, Paysafe Group Plc (LSE AIM: PAYS, the "Company") is pleased to confirm that the Company's prospectus (the "Prospectus") in connection with the admission to listing of its shares to the premium segment of the Official List of the UK Listing Authority (the "Official List") and admission to trading on London Stock Exchange plc's main market ("Main Market") for listed securities ("Admission") has been published today.

It is expected that Admission will become effective and that dealings in the Company's shares on the Main Market will commence at 8.00 a.m. GMT on 23 December 2015. Trading in the Company's shares on the AIM market of London Stock Exchange plc ("AIM") will also be cancelled on 23 December 2015 with effect from 8.00 a.m. GMT.

The Company is not raising any funds or issuing any new ordinary shares in connection with Admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the Prospectus. The Company's TIDM code on the London Stock Exchange will remain 'PAYS', with an ISIN of GB0034264548 and, on Admission, it is expected that there will be 479,606,395 ordinary shares in issue

Paysafe Group Plc

First Day of Dealings on the Main Market of the London Stock Exchange

LONDON (23 December, 2015) - Further to previous announcements, Paysafe Group Plc (LSE AIM: PAYS, the "Company") is pleased to announce that the Company's shares will today be admitted to the premium segment of the Official List of the UK Listing Authority (the "Official List") and to trading on London Stock Exchange plc's main market ("Main Market") for listed securities (together, "Admission"). Dealings in the Company's shares will commence on the Main Market at 8.00 a.m. GMT on 23 December 2015 and trading in the Company's shares on the AIM market of London Stock Exchange plc ("AIM") will be cancelled simultaneously therewith.

The Company is not raising any funds or issuing any new ordinary shares in connection with Admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission. The Company's TIDM code on the London Stock Exchange will remain 'PAYS', with an ISIN of GB0034264548 and, on Admission, it is expected there will be 479,606,395 ordinary shares in issue.

Good pre-Christmas news. Onwards from here as funds continue buying.

Would be nice to see this get to and hold above 370p. Some of these stocks need the patience of a saint!!!

New overweight at Morgan Stanley, target 500p

Good news, numbers ahead of expectations.

StockMarketWire.com
Paysafe Group sees its FY revenue and adjusted EBITDA ahead of market expectations, adding strong Q4 trading had completed what it described as a transformational year.

HIGHLIGHTS
o FY 2015 revenue of circa $600m. H2 2015 Group revenue of circa $380m, driven by strong growth across the Group's product lines, particularly in the Processing division's North American business.

o FY 2015 adjusted EBITDA of circa $150m. H2 2015 adjusted EBITDA of circa $100m.

o The integration of digital payments business Skrill Group, the acquisition of which completed on 10 August 2015, is progressing well. Anticipated H2 2015 synergy savings are expected to be towards the top end of the previously announced $5-10m range.

o The Group's new global Paysafe brand identity launched in November 2015.

o Shares in Paysafe Group plc began trading on the London Stock Exchange's Main Market on 23 December 2015. The Group expects to be considered for inclusion in the FTSE 250 Index at the March 2016 index review.

Good to see that sort of update with FTSE250 inclusion likely round the corner. A break of 400p is looming.

400p level hit!

Berenberg today reaffirms it's buy investment rating on Paysafe Group Plc (LON:PAYS) and raised its price target to 444p (from 431p).

No stopping this one :)

So glad I kept the faith. My best performing stock for the last few weeks!

Agree Harrycat - long may it continue.

Glad your still in 3 monkies , your patience has been rewarded .

It must be 10 yrs this year jimmy b - patience is a virtue or so they say. I hope you are doing okay with these.

Citigroup today (15/01/16) reaffirms its buy investment rating on Paysafe Group Plc (LON:PAYS) and raised its price target to 490p (from 400p).

And still dirt cheap. Tipped in MoneyWeek on Friday.

Edging back to the highs and timing starting to coincide with likely FTSE250 move next month.

Well, that was the kiss of death Greyhound!!!! ;o)
Down 6% for no apparent reason, though whole market down today.

It was lol. Correction is good for next move! ;)

10% is a correction we could have done without!

Absolutely, however probably driven down by WorldPay's move and the general rout going on.

down another 3% (9p) this morning

Worldpay is down but for no apparent reason. No RNS on their ticker. I can't see why the two are related??? Declared short interest in PAYS is below 1%, so no cause for alarm there. Lets hope the sp goes up as fast as it goes down!

Let's not forget they upgraded their forecasts, finished Q4 strongly and sales more than consensus. Skrill synergies ahead of schedule and likely to climb. Should be FTSE250 before too long. Barclays believes there's upside potential to forecasts - price target 560p (albeit the highest). Should be buying imo!

Worldpay same sector that's all. In January Morgan Stanley said they preferred electronic payments as it is a structural growth market - online world looks structurally more attractive as growth is higher.

Paysafe rated new outperform at Exane, pt 470p.

Also a small positive write up about increased holdings in the London Evening Standard last night.

"The Company anticipates the date at which the Company will be considered for inclusion in the FTSE 250 Index will be the quarterly review in March 2016."

Has anyone an exact date for this review please?

Looks like it's based on March 1st market cap:
http://www.ftse.com/products/downloads/FTSE_FAQ_Document_UK_2016.pdf

Thanks. Not long to go now then. Lets hope it can get the sp over the 410p level and hold there.

"The market capitalisation cut-off date used in the ranking process to determine rebalance changes at index reviews will be on the Tuesday before the first Friday in March, June, September and December.
The market capitalisation cut-off date for the March 2016 quarterly review will take place at close of business on Tuesday 1 March 2016. The rebalance changes will be announced after close Wednesday 2 March 2016."

With a market cap of £1.9bn this should not be a problem. I had in mind rightly or wrongly the threshold was something like £660m.

Included in FTSE250 yesterday.

Paysafe begins trading in FTSE 250 Index

LONDON (21 March 2016) - Paysafe Group plc (LSE: PAYS), a leading global provider of payment solutions, is joining the FTSE 250 Index from the start of trading today.

Paysafe's inclusion in the Index was announced by FTSE Russell on 2 March 2016. This follows Paysafe's admission to the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange on 23 December 2015.
Paysafe President and Chief Executive Officer Joel Leonoff said: "Today marks yet another milestone for our growing payments business. We are delighted to be entering the FTSE 250 following the strong performance over the past year as our business continues to mature."

Heading nicely higher again today. I should be top-slicing but wish to carry on running it for the time being as potentially more upside and better synergies with Skrill to come.

Hopefully the consolidation is a healthy one - good to see Canaccord today with buy tp 460p

Well those numbers should provide a shot in the arm...

Morgan Stanley target price 500p

Citigroup today reaffirms its buy investment rating on Paysafe Group Plc (LON:PAYS) and set its price target at 510p.

StockMarketWire.com
Paysafe Group has materially improved its H1 pretax profit to $74,551, from a year-earlier profit of $4,593.

Revenue had more than doubled to $486,739, from $223,023, with fees from payment processing, digital wallets and prepaid substantially up on the year.

President and CEO Joel Leonoff was upbeat about the results.

"We have again delivered very strong growth as our increasingly diversified payments business expands further across pay-before, pay-now and pay-later products and services," he said in a statement.

"I am particularly pleased with the level of cash generated during the first half.

"Additionally, by completing the integration of Skrill more rapidly than we initially expected, we have been able to start work on developing our next-generation data platform and global merchant onboarding capabilities earlier than anticipated.

"With the exceptional performance delivered in the first half, as well as continued strong trading in the early part of the second half, management and the Board are confident in the Group's prospects for the full year."

Deutsche Bank today reaffirms its buy investment rating on Paysafe Group Plc (LON:PAYS) and raised its price target to 550p (from 500p).

Morgan Stanley today reaffirms its overweight investment rating on Paysafe Group Plc (LON:PAYS) and raised its price target to 560p (from 500p).

StockMarketWire.com
Paysafe is expanding its product capabilities by acquiring Income Access Group, a pioneering affiliate technology business, for CA$40m cash.

Income Access is a market-leading brand providing innovative affiliate technology for businesses to manage their performance marketing programmes.

In addition, more than 25,000 affiliates use the company's multi-channel software for their marketing campaigns.

Income Access was founded in 2002 and is based in Montreal with employees in Vancouver, London and Brisbane.

They would go up today after I sold some yesterday - sods law. However still got sufficient. I hope everyone out there is okay.

StockMarketWire.com
Paysafe Group said it is on track to achieve the upgraded revenue and adjusted EBITDA projections for the current financial year, which it set out at the time of its H1 results in August.

Its expectations for revenue and adjusted EBITDA remained unchanged, with revenue in the range of $970m-$990m, and an adjusted EBITDA range of $287m-$293m, based on an adjusted EBITDA margin of 29.6%.

This would be while "maintaining our focus on further expanding our payments business and enhancing our core technology platform," said CEO Joel Leonoff in a statement.

"We remain focused on delivering innovative payment solutions that serve the evolving needs of the merchants we work with and look forward to updating the market on our FY 2016 results in early 2017."

Sp down 25% at the moment. Apparently large short positions rumoured to be driving the price down. No immediate reason for the heavy shorting.

EDIT: This may be the answer:
http://seekingalpha.com/article/4030093-paysafe-material-risks-regulatory-enforcement-action?auth_param=nmd8l:1c4vhl6:784e5830e267ff7b26b5f67f46e7c86f&dr=1

I don't know if this makes you feel better ...


Response to share price movement

Paysafe Group plc (LSE: PAYS, the "Company") is aware of a report published this morning by an organisation called Spotlight Research, which has disclosed a potential short interest benefiting from any weakness in Paysafe's share price.

Paysafe confirms that all material information in the report is either factually inaccurate or has been previously disclosed.

The Group has a history of significant, transparent disclosure to the market, publishing two prospectuses in 2015 and being subject to substantial additional scrutiny through a full UKLA listing process as part of its move to the Main Market of the London Stock Exchange.

Having reiterated its upgraded guidance for the current financial year on 8 November 2016, the Company's business continues to perform well and management is next scheduled to update the market on 12 January 2017.

For further information, contact:

Paysafe Group plc

Michelle Singleton, VP Investor Relations

+44 (0) 20 3826 9800 / investorrelations@paysafe.com

Gavin Haycock, SVP Corporate Communications

+44 (0) 20 3826 9767 / gavin.haycock@paysafe.com

Brunswick Group LLP

Brian Buckley / Rowan Brown

+44 (0) 20 7404 5959 / paysafe@brunswickgroup.com

Thanks jimmy, but very fortunately I sold when it was OPAY, at a decent profit.
One I still watch, but thankfully don't hold!

StockMarketWire.com
Paysafe launched a share buyback programme of up to £100m to stave off short-sellers, who posed risks to the payment service provider's business model.

The company reported the programme will reduce the firm's capital and repurchased shares will be cancelled.

It said the programme will be undertaken using a phased approach with a duration of 12 months, subject to the buyback approval resolution being approved at its next annual general meeting in respect of any purchases to be made after the date of that meeting.

Paysafe president Joel Leonoff said: "The programme, and our track record of significant cash conversion, enable us to capitalise on current market opportunities without compromising our pursuit of bold M&A with a strong strategic fit."

Trading update for year ended 31 December 2016

LONDON, 12 January 2017 - Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Group"), a leading global payment provider, issues the following unaudited trading update for the year ended 31 December 2016.

The Group saw continued strong momentum during the second-half as it focused on building a portfolio of payment-related products and services to meet the evolving needs of businesses and consumers in a rapidly-changing payments industry.

Financial highlights
· The Group expects to exceed the $1 billion revenue milestone in FY 16, ahead of the upper end of the guidance range and current market expectations.[1]

· The Group also expects FY 16 adjusted EBITDA[2] to reach $300 million for the first time, with

. implied adjusted EBITDA as a percentage of revenue marginally ahead of expectations.

· Strong business performance throughout the year led to the Group raising guidance twice in 2016, resulting in a c.$110 million (c.13%) upgrade to revenue expectations over the last 12 months from $868 million[3] to a range of $970-990 million.

· Adjusted EBITDA expectations were also raised by c.$40m (c.15%) from $252 million to a range of $287-293 million. This represented an adjusted EBITDA margin expectation of 29.6%, compared to 24.9% delivered in FY 15.

· In addition to growth in adjusted EBITDA, the Group continues to demonstrate strong cash conversion, enabling it to capitalise on market conditions with an inaugural share buy-back programme announced in December, without compromising the pursuit of bold M&A opportunities.

Current trading and outlook
· Given the strong revenue performance in H2 16, management remains confident about the Group's outlook for FY 17. Management expects to achieve low double-digit organic revenue growth in FY 17[4] from a base of 2016's record performance, while expecting to at least maintain adjusted EBITDA margins.

http://www.moneyam.com/action/news/showArticle?id=5478669

Still holding and now finally back near the highs. Good results and Skrill adding significantly. May have to take some profits soon but could continue to run to 500p-600p range.

StockMarketWire.com
Paysafe continues to perform in line with the management expectations, and reiterates its FY 2017 guidance of low double-digit organic revenue growth, and to at least maintain a 30.1% adjusted EBITDA margin in FY 2017.

"Adjusted cash conversion remains strong. The Group continues to de-lever even after returning £22.4m of capital to shareholders in the form of a share buyback during the first three months of the year," it said in a statement.

President and CEO Joel Leonoff said Paysafe had enjoyed a strong start to 2017 and each of its divisions was performing as expected.

"Our business continues to benefit from the disciplined execution of our strategy," said Leonoff.

"Paysafe is focused on driving sustainable organic growth, providing state-of-the-art technology, delivering relevant niche oriented payment solutions, nourishing an entrepreneurial company culture, and identifying and integrating bold acquisitions.

"We believe Paysafe's differentiated and relevant products and services position us very well in a rapidly-evolving payments industry."

Nice rise today so far - hope it continues.

StockMarketWire.com
Paysafe agreed to acquire Delta Card Services, the holding company for Merchants' Choice Payment Solutions (MCPS), a payment processor based in the Houston suburb of Shenandoah, Texas.

MCPS is a data-focused full service payment processor for merchants and sophisticated, high-volume Independent Sales Organisations (ISOs) in North America.

Delivering card processing services to approximately 60,000 merchants in 50 states and processing over $14 billion in sales volume annually, MCPS is a leading provider to small and medium-sized businesses.

The acquisition of MCPS expands Paysafe's processing scale and product-set for ISOs and merchants in North America.

The addition of point-of-sale (POS) activities to Paysafe's Processing division significantly strengthens its ability to provide processing for POS, online and order ahead payments all under a single real-time consolidated analytics platform.

The consideration of $470 million, which is payable in cash, will be funded by a $380 million Incremental Loan Facility drawn under the existing Senior Facility Agreement, underwritten by BMO Capital Markets, Deutsche Bank and other syndicate banks, plus $90 million from existing cash funds.

MCPS reported revenue of $446 million and earnings before tax of $18.4 million in the year ended 31 December 2016. At that date, MCPS had gross assets with a value of $90.4 million.

Meritus, a Paysafe Processing subsidiary, is an existing partner of MCPS. A portion of MCPS' revenue will therefore be treated as inter-company in the combined business.

In addition, ahead of the acquisition, MCPS is acquiring merchant portfolios from some of its ISOs, which will result in lower third-party fees payable to partners from the date of the acquisition.

Had MCPS been owned by Paysafe for all of financial year 2016 and the merchant portfolios acquired at the start of that year, pro-forma consolidated 2016 revenues for MCPS excluding inter-company transactions would have been $329 million, an increase of 6% compared to 2015.

Pro-forma gross profit of MCPS would have been $72 million. Pro-forma adjusted EBITDA1 for MCPS would have been $49 million, which represents a pro-forma EBITDA margin of 15%.

The combination with MCPS is expected to result in annual cost synergies of approximately $7.5 million, in addition to certain revenue synergy opportunities.

On a 2016 pro-forma basis, Paysafe's revenue exposure to online gambling would have fallen from approximately 46% to 35%, and revenue from the Asia Gateway business from approximately 13% to 10%.

MCPS CEO Todd Linden will remain with the company as part of Paysafe's North America Processing operations. He joined MCPS as COO in 2010 and was appointed CEO in 2015.

He has 31 years of industry experience. MCPS CFO Giovanni Diano will also remain with the combined company. He joined MCPS as CFO in 2010 and has 14 years of industry experience.

BMO Capital Markets acted as financial adviser to Paysafe and Stikeman Elliott LLP served as legal counsel.

The acquisition of MCPS constitutes a Class 2 transaction for the purposes of the UK Financial Conduct Authority's Listing Rules. The acquisition is expected to close in the third quarter of 2017.

Paysafe has today separately announced a possible all cash offer for the entire issued and to be issued share capital of the group by a consortium consisting of funds managed by Blackstone and funds managed by CVC Capital Partners.

Given the restrictions placed on forward-looking statements as a result of that announcement, this announcement does not contain full-year 2017 guidance for the combined group.

StockMarketWire.com
The Board of Paysafe received a preliminary, conditional proposal from funds managed by Blackstone and funds managed by CVC Capital Partners regarding a possible all cash offer for the entire issued share capital of the company by a newly incorporated company jointly owned by funds advised by the Consortium members or their respective affiliates.

The Paysafe Board was initially approached by the Consortium in early May 2017.

Following the receipt of a number of indicative proposals from the Consortium that were rejected, due diligence access was granted on the basis of a possible offer of 590 pence per share.

Under the terms of the Possible Offer, the ordinary shareholders of Paysafe would receive 590p in cash per ordinary share in Paysafe.

The terms of the Possible Offer represent a premium of approximately 34% to the volume weighted average price for the six month period ended 30 June 2017, the day prior to broad sector consolidation speculation.

Paysafe's largest shareholder, Old Mutual Global Investors (UK), sent Paysafe a non-binding letter of support for (and intent to vote in favour of, or accept) the Possible Offer, in respect of 50,000,000 of the Company's ordinary shares (being approximately 10.3% of its current issued share capital).

The Consortium indicated that its financing requirements will be funded in part with the proceeds of a disposal of any business the Consortium considers to be non-core, such as the Asia Gateway business.

Entry into an agreement by the Consortium to sell the Asia Gateway business to a third party buyer is a non-waivable pre-condition which must be satisfied before the making of any firm offer by the Consortium. The key terms have already been agreed with a third party buyer.

There can be no certainty that an offer will be made, even if the Pre-Condition is satisfied.

A further announcement will be made in due course, as appropriate.

Hovering over the sell button, not convinced this is yet a good deal

LONDON, June 04, 2018 (GLOBE NEWSWIRE) -- Leading global payments provider, Paysafe, today announces the global launch of its latest alternative payment solution - 'Paysafecash'. The pioneering and ultra-safe online cash payment option has been designed to cater for the sizeable number of online shoppers around the world who still prefer to pay by cash. Recent data indicates that despite the enthusiastic uptake of electronic payments by many, numerous online shoppers are growing increasingly concerned that online shopping all too frequently results in financial fraud and data breaches.

Developed by the same Paysafe team who created the award-winning, pre-paid cash solution -paysafecard, a global leader in the online prepaid payments industry - the launch of Paysafecash forms part of Paysafe's disruptive strategy of delivering an unrivalled suite of safe, frictionless and relevant payments products around the world.

Paysafe drew on both industry and proprietary research when developing the new cash product. Contrary to popular belief that all online goods are purchased using credit or debit cards or other digital methods, market data indicates that around two billion adults in the world are still unbanked. Even in highly developed regions such as the European Union, over 57 million adults do not have bank accounts and 68% of transactions are still paid for using cash. In the UK, for example, despite the extensive usage of contactless payments, the number who rely almost entirely on cash has jumped by 500,000 to 2.7 million over the past two years according to data by Payments UK and the Bank of England. Fraud concerns and data security are often cited as a major reason for not wanting to share bank account or credit/debit card details online.

Unlike other online cash solutions in the marketplace today, Paysafecash offers a number of unrivalled and unique benefits. It's the first online cash solution that can be used to upload funds into digital wallets, including Paysafe's own popular digital wallets, Skrill and NETELLER. This means that Paysafe can now offer consumers who want it, an entire payments ecosystem running on cash, totally negating the need to have a bank account or share financial data online.

Additionally, with Paysafecash, shoppers can pay in exact amounts for the purchases they are making, rather than being forced to round up the amount to a fixed voucher denomination which is typically the only 'cash' option offered to date by online retailers.

This is how easily payment works with Paysafecash:
1. Generate barcode
The customer selects "Paysafecash" in the online shop as the payment method, loads the generated QR/barcode to his wallet, sends it to his mobile phone or prints it out.

2. Find payment point
Using the search function, the customer finds the nearest Paysafecash payment point.

3. Scan & pay
The customer has the QR/barcode scanned by sales staff in a payment point and pays the amount due. The online shop processes the order directly after payment.

The product launch also ties into Paysafe's new brand positioning of being the 'new Big' in the global payments industry as outlined in its recently re-vamped website and its 'Plug into Paysafe' global marketing campaign. As part of the Plug into Paysafe campaign, the payments provider is publishing the next iteration of its latest international study 'Lost in Transaction: Payment Trends 2018' this week. The new study reveals that 63% of consumers said they feel more comfortable purchasing online via a payment option where their financial details are not shared. A further study by CyberCorp showed that websites offering four or more payment options, in addition to credit cards, have a 12% higher conversion rate than online retailers only offering one alternative.

According to Udo Müller, Paysafe's CEO behind the product, Paysafe is focused on offering these much-needed additional payment options for online shoppers. He believes Paysafecash has the potential to drive millions of additional shoppers online representing a true growth driver for digital shopping and online retailers.