My paysafecard allows customers to manage all of their purchased PINs and remaining credit from a single account. In addition to its payment process, this requires neither a bank account nor a credit card.
After registering, customers have to verify their personal details once by presenting their ID card at a sales outlet. A specially developed web service makes it possible to immediately verify a customer’s identification, where customers can then make online payments by entering a username and password.
“Our launch in Bulgaria sees us add another important Eastern European market in which a safe and secure prepaid payment method has been long awaited. According to our close analysis, the country offers enormous potential in the realm of alternative payment solutions and we expect rapid adoption and strong demand for our product,” said Michael Müller, CEO of paysafecard group.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.