Rewire promotes financial inclusion by providing access to services that migrants need in their country of origin, as well as in their new home. This includes remittance services, local payment accounts, debit card insurance and cross-border family accounts. Integrating Paysafe’s eCash solution, Paysafecash, helps Rewire customers deposit money into their online accounts, which can then be used to fund financial activities.
At present, this service is available in the UK but will soon be accessible in 16 European countries. There are currently more than 200,000 Paysafecash payment locations across almost 30 countries, and close to 90,000 payment locations in the 17 European countries, where Paysafecash deposit options will be available to Rewire customers.
To make a deposit, Rewire customers need to simply select Paysafecash as the top-up method online or via the app. Then by choosing the amount you’d like to deposit, a unique barcode is generated for the transaction, which can be scanned at the sale terminal at a nearby Paysafecash payment location.
Guy Kashtan, Rewire Co-Founder and CEO, commented: "Partnering with Paysafe to incorporate Paysafecash as part of Rewire’s solution makes perfect sense as our customers are generally an underbanked population that need to digitise their cash in order to manage it on Rewire’s platform."
Udo Müller, Paysafe’s CEO of the eCash division, added: “We are extremely pleased that our partnership with Rewire allows us to leverage the advantages of our Paysafecash payment solution to support migrant communities in Europe and make much-needed financial services more accessible."
Elsewhere, Elbruz Yilmaz was this week appointed Paysafe’s Senior Vice President, Crypto.
