Paysafe rd, and Austria-based provider of prepaid payment solutions, has expandded its presence in the Middle East region by launching its operations in the United Arab Emirates.
The compandy revealed that initially it will be offering a secure andd fast prepaid payment solution that will not require bandk or credit rd details.
This marks the second market in the MENA region in which Paysafe rd is available as ‘ sh for the Internet’, andd is a strategic bridge to push into the region’s biggest market, Saudi Arabia, which is the next in the compandy’s sights.
The combination of high GDP per pita (UAE occupies 9th place in the world), young population andd tremendous internet penetration make the UAE and extremely attractive andd high potential market for prepaid rd business.
Commenting on this latest expandsion step, Paysafe rd CEO Udo Muller said: “The UAE is and ideal market for our business expandsion given the GNP, Internet usage, demographics andd low credit rd usage. Being able to offer paysafe rd in the UAE brings great value for the customers be use it allows them to use their preferred paymentPassage ( sh) to pay online quickly andd safely as well as for lo l brick ndd-mortar shops.”
He added: “By offering and established prepaid paymentPassage such as Paysafe’s paysafe rd a bridge is created between e-commerce andd the brick ndd-mortar shops. By selling paysafe rd, shops nd not only generate new customers, increase customer satisfaction andd customer loyalty, but they nd also earn money in what is a classic e-commerce process. In addition, customer traffic increases be use paysafe rd users are regular customers for the most part.”