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• PaySafeCard Expands to Greece and Slovenia
March 16, 2006 - paysafecard, has set its sights on rapid expansion throughout Europe - having enjoyed impressive growth in recent years, the well-established means of online payment. paysafecard already enjoys a large presence and customer base in Germany and Austria, and now with entry into the Slovenian and Greek markets, look set to take Europe by storm.

paysafecard (http://www.paysafecard.com), the innovative means of online payment offering customers purchasing goods or services online unparalleled security and flexibility is broadening its horizons. paysafecard, which up until recently has only been available throughout Austria and Germany, is now also distributed and marketed in Greece and Slovenia. paysafecard is rapidly continuing with its ambitious internationalisation plans, entering the most aggressive phase since the company went into business in the year 2000. Further European countries are to be targeted this year.

Consumer acceptance of this prepaid payment system - that was created and developed in Austria - has been increasing drastically over the last five years. The main features ensuring the success of paysafecard include security, simplicity and anonymity as well as decreasing the level of cyber crime – especially credit card data fraud. ”With the addition of Slovenia and Greece we are opening up the non-German speaking markets, and with the Slovenian Tolar we are involving a new currency”, states Michael Müller, CEO of paysafecard.com Wertkarten AG. “Both markets characteristically have a credit card penetration below 20 percent but at the same time high Internet usage. Ideal conditions for a well proven, safe and reliable payment method such as paysafecard”, adds Udo Müller, Director International Business Development.

Five million Euros per month and 20.000 sales outlets

paysafecard increased their monthly transaction volume by an unprecedented 200 per cent to 5 million Euros in 2005. A major reason for the tremendous growth is the rapid expansion of the distribution network involving 20.000 sales outlets and numerous web shop partners - a trend set to continue in 2006.
> Read the full story here
Source: Press Release

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