Trustcash Holdings ("TrustCash" or the "Company") (Pinksheets:TCHH) today announces it has commenced planning to introduce the TrustCashDeposit product to the large European ecommerce market.
B2C ecommerce in Western Europe will reach close to EUR 340 Billion in 2010 according to a DB Research statement in the European parliamentary financial services forum Briefing; "Innovative e-payment solutions: A European perspective."
In Europe, credit cards are not as widely used as in the United States. Debit and bank transfers are very popular methods of online payments in many European countries. TrustCash has previously announced the addition of EU debit and EU Direct Pay products to take advantage of these trends.
The Company feels its TrustCashDEPOSIT product has vast potential to be a great product for European online shoppers to use as another online payment method.