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paysafecard wins Hermes Business Award 2021

Friday, October 22, 2021 — 10:49:53 (EDT)

22nd October 2021. Vienna, Austria – paysafecard, a leading global eCash solution provider and part of the leading specialised payments platform Paysafe (NYSE:PSFE), has received the prestigious Hermes Business Award, which recognises successful companies supporting Austria’s economy, achieving first place in the ‘service provider’ category. The awards ceremony took place at the Vienna Hofburg on Thursday, October 21.

paysafecard was founded as a start-up in Vienna in 2000 and has since developed into a global player in the alternative payments industry as part of Paysafe. With 250 employees in Austria, the team’s eCash solutions include paysafecard and Paysafecash. paysafecard is an award-winning prepaid payment solution featuring a 16-digit code. It has become a popular online payment method, particularly because it is safe and convenient for consumers, and has been integrated as a payment solution by many of the tech giants in their app stores. Paysafecash enables users to complete online transactions using cash. This reaches customer groups who do not have credit cards or bank accounts or do not want to use them online and enables them to participate in the digital marketplace.

CEO Udo Müller commented: “I am very proud of what this team has achieved. We have focused heavily on expansion over the past few years, geographically as well as through new international merchant partners that offer our eCash solutions to their customers. We are further building on this successful strategy with our recent acquisitions in Latin American and in Germany, which will soon allow us to offer our payment solutions in over 60 countries via more than a million points of sale. This award is a welcome recognition of our accomplishments and I am honoured to continue leading this team as we work together toward achieving many more milestones.”

With the Austrian Federal Ministry for Digital and Economic Affairs as the patron of the awards programme, it aims to honour top economic performance and the leadership behind it. The award given to paysafecard is designed to honour business achievements and motivate future success. paysafecard was recognised for its recent financial performance, based on key performance indicators such as revenue and operating profit (EBIT).

About paysafecard

paysafecard, a market leader in eCash payment solutions, was founded in 2000 and is headquartered in Vienna. paysafecard is part of the leading specialised payments platform Paysafe, which provides a broad portfolio of innovative payment solutions and services. paysafecard offers prepaid and online cash solutions under the brands paysafecard, paysafecard account, paysafecard Mastercard® and Paysafecash. Available in over 650,000 sales outlets in 50 countries, paysafecard enables simple and secure online transactions with cash. By using a 16-digit paysafecard code, customers do not need an account or credit card to pay on the Internet, protecting their confidential financial information. In 2018, paysafecard developed Paysafecash, with which customers can shop online first and then pay securely for their purchases with cash offline at the next payment point. Paysafecash is already available in almost 30 countries. In 2020, paysafecard reached a transaction volume of 4 billion euros. www.paysafecard.com

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialized payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of US $100 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

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Source: Company press release. end of article

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