Paysafecard enters UAE online payments market

Tuesday 1 August 2017 09:20 CET | News

Paysafecard has announced it enters the United Arab Emirates with its prepaid payment solution.

The launch follows the UAE’s initiative to transform Dubai into a smart city, according to Banking Technology. Samsung, Apple and other international technology companies already started taking advantage of the government’s support on digital payment.

High internet usage (more than 93%) and low credit card penetration where seen as key drivers for the company’s interest in the UAE market.

Paysafecard is currently available in Saudi Arabia and Kuwait; the company is working with uPay to offer the payment method at 300 vending machines in the UAE. For more information about the company, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: paysafecard, UAE, online payments, prepaid card, vending machine, credit card
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce