Cash payments for online entertainment
paysafecard, an Austrian provider of prepaid payments via the internet, is launching ‘Cash for the Internet’ in Canada (view press release). The solution enables consumers to exchange cash for a 16 digit paysafecard PIN which can then be used to make payments for online entertainment such as online games. The move is part of paysafecard’s international expansion strategy which began in 2009 in Argentina, followed by Mexico and then the US.
“Canada still has enormous potential for prepaid payment solutions. Security concerns are still holding off many consumers from purchasing online. paysafecard as a prepaid means of payment now fills this gap,” said Michael Mueller, CEO of paysafecard group.
Canada is one of the top 20 ‘internet nations’ with an estimated 27 million users and a user rate of more than 80%.
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