paysafecard enables consumers to make online cash payments in local currencies without needing a bank account or credit card. In a region where - according to the World Bank - only 30% of adults have a bank account, offering alternative payment methods such as cash and prepaid is crucial for e-commerce merchants to succeed. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico.

Michael Muller, CEO of paysafecard group, explained "As GlobalCollect is a very important partner for us in Europe, we are very happy about the expansion of the agreement to include Argentina. Thanks to this integration, our customers will have the chance to use paysafecard in even more webshops."

Jan Manten, CEO of GlobalCollect, continued: "We already established a very good working relationship with paysafecard throughout Europe, so we're delighted to expand this successful collaboration into the Latin American market now. This region holds tremendous e-commerce growth potential - especially for online businesses which manage to tap into otherwise unserved customer segments. For the same reason, GlobalCollect opened an office in Buenos Aires earlier this year and stays committed to boosting its portfolio of local payment solutions rapidly to support its growing presence in Latin America."