01 July 2015

Paysafecard expands into Lithuania

15 January 2014  |  870 views  |  0 Source: paysafecard

paysafecard group, Europe's leading prepaid payment provider, continues its global expansion with the launch of its core product paysafecard in yet another Baltic state: Lithuania. The European market leader in prepaid payment solutions has been present in Latvia since 2010.

Its expansion into Lithuania sees the company take another important step in the development of the Baltic market.

Since the company was founded in 2000, paysafecard group has continually expanded its network on both national and international levels and is now present in 37 countries around the world.

"The push into Lithuania demonstrates our continued belief in the huge potential of new markets. Moreover, the great breadth of the international line-up - including the digitally advanced countries of the Baltic region - is a significant contribution to our success," says Michael Müller, founder and CEO of paysafecard group. "Our concept finds particularly strong resonance in this region," Müller adds.

The specifics of the core product paysafecard have been adapted to local circumstances: Products are issued in the local currency and are available in the amounts of 20, 50, 100 and 300 litas (one euro is roughly equivalent to 3.5 litas). paysafecard vouchers are sold exclusively via terminals.

paysafecard group teams up with local partner

With Ashburn, paysafecard group has a strong distribution partner at its side in Lithuania. The partnership enables the distribution of paysafecard through the country-wide lottery network via Perlo Paslaugos. The 16-digit paysafecard PINs are essentially available throughout the country at over 2,000 terminals. Terminals are primarily found in the cash till area of supermarkets and shopping malls. Numerous convenience stores are also fitted with terminals.

"Thanks to this partnership, country-wide availability is guaranteed to our customers," says Michael Müller. 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Global fintech investment triples - Accent...
9008 views comments | 47 tweets | 26 linkedin
Barclays takes on Apple with wearable paym...
7953 views comments | 38 tweets | 28 linkedin
Wells Fargo to usher in voice and facial b...
6140 views comments | 20 tweets | 25 linkedin
E-commerce goes mobile
5157 views comments | 23 tweets | 21 linkedin
European ACHs form Sepa joint venture
5141 views comments | 22 tweets | 14 linkedin

Featured job

to £100K base, double OTE, stock options
London, UK

Find your next job