Glory partners with Paysafe to boost consumer access to the digital economy

Wednesday 25 August 2021 14:36 CET | News

UK-based cash automation provider Glory and payments platform Paysafe have teamed to improve access to the digital economy for consumers with limited access to mainstream electronic payments.

For the estimated 2 billion people globally who remain unbanked, as well as those who choose to rely on cash, access to the opportunities of digital commerce is severely limited. Glory’s recycling solutions automate the authentication and processing of cash at the point of sale while Paysafe’s eCash solution, paysafecard, enables consumers to convert cash to electronic value for use online or in-store.

By bringing together Glory’s cash automation solutions with paysafecard, retailers can further enhance their position at the centre of the new cash cycle as well as drive more in-store footfall such as e-wallet top up and cash payment for utility bills, the company explains.

Associated with the new partnership agreement, as recently communicated, Glory has agreed to sell to its majority share interest in viafintech to Paysafe for an undisclosed sum. Glory acquired 51.93% of viafintech issued share capital in January 2020.

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Keywords: Paysafe, partnership, credit card, e-wallet, cash management, online payments
Categories: Payments & Commerce
Countries: United Kingdom
This article is part of category

Payments & Commerce

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