UK: PayPoint, Paysafecash partner to offer online cash solutions

The news comes as the two companies have signed a new multi-year agreement, extending a relationship that has spanned over a decade.

Payments technology provider PayPoint has partnered with Paysafecash, a popular online cash solution to bring online cash payments to the UK.

Through this partnership, Paysafecash, which was developed by Paysafe Group, a leading global payments provider, will be an available payment option at 28,000 PayPoint sites across the country.

Paysafecash is an alternative payment method for customers who want to pay for online purchases using cash. It makes online shopping possible for customers without a debit or credit card, or who do not want to use them for online payments for security reasons.

“There remains a demand for cash payments in the UK and innovations such as Paysafecash help us to meet this consumer need. Through propositions such as Collect+ and Paysafecash, our retailer partners are ideally placed to benefit from the popularity of online shopping and make the process more convenient for customers,” commented on the partnership Lewis Alcraft, Chief Commercial Officer at PayPoint.

“Our partnership with PayPoint allows us to offer consumers across the country who rely on cash or who do not wish to share their financial details online the ability to participate in the UK’s growing e-commerce space. Our mission is to enable everyone to participate in eCommerce, independent of their access to digital payment options,” added Udo Mueller, CEO of paysafecard the business behind the Paysafecash product.

Since its launch in June 2018, Paysafecash has grown to provide the biggest online cash payment network worldwide. It is available in 29 countries and at approximately 100,000 point of sale outlets. Over 99% of consumers in the UK are based within 1 mile of a local PayPoint store in urban locations.