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Paysafecash now available in Greece

With Paysafecash, Paysafe is offering a new, secure and simple payment method for online purchases in Greece, for virtually any area of the retail space. Paysafecash was developed by the same Paysafe team who created the award-winning, prepaid cash solution - paysafecard, a global leader in the online prepaid payments industry. Paysafecash is already available in more than 20 countries.

The e-commerce market in Greece grew by almost 22% from 2016 to 2017, and reached around 6 billion euros in 2018, according to estimates from the Greek Ministry of economics. On average, every online shopper in Greece spent around 1,818 euros on the internet in 2018 whereas in 2015, the equivalent figure was 1,557 euros.1 Internet penetration in Greece is reported to be 70%2.

Paysafe Group has had a presence in Greece for more than ten years, via its prepaid payment method paysafecard, which is available at around 18,000 kiosks, petrol stations and other distribution outlets.

Our long-standing presence and an incredibly strong network of distributors in Greece are two key reasons why we can now offer Paysafecash to consumers throughout the country,” comments Udo Müller, CEO of paysafecard, responsible for Paysafecash. “With Paysafecash, we are bringing the benefits of cash payments to online shopping. Paysafecash is ideal for anyone who wants to buy things via the internet, but who does not want to disclose their personal financial information, such as credit card numbers or bank account information. With the launch, we are opening up the benefits of e-commerce to a large section of the population who didn’t previously have access to them.


1 GRECA 2018 / Ecommerce Foundation, 2018, published by http://www.outofseo.com/wp-content/uploads/2018/09/ecommerce-europa-report-2018.pdf

2 https://www.cia.gov/library/publications/the-world-factbook/geos/gr.html

 

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