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Paysafe Joins Spreedly’s Partnership Program for International Merchant Payments
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Paysafe (NYSE: PSFE) has partnered with Spreedly to integrate its payment gateway into Spreedly's platform, enhancing payment processing services for merchants across the UK and Europe. This collaboration enables merchants to efficiently process card transactions in over 40 currencies, supporting a range of local payment methods. Initially focusing on eCommerce, retail, travel, crypto, and financial services, the partnership aims to expand into North America and Latin America. Paysafe's core business involves payment processing and digital wallet solutions, boasting over $120 billion in transactional volume in 2021.
Positive
Partnership with Spreedly enhances market reach and customer acquisition.
Merchants can process transactions in over 40 currencies, improving operational efficiency.
Focus on growing sectors like eCommerce and travel aligns with market demand.
Negative
None.
Spreedly offers Paysafe’s payment gateway to merchants across the UK and Europe
LONDON--(BUSINESS WIRE)--
Paysafe (NYSE: PSFE), a leading specialised payments platform, announces a new partnership with Spreedly, a leading global payments orchestration platform provider, to offer Paysafe’s payment gateway to Spreedly’s international merchant base.
Paysafe joins Spreedly’s Partnership Program to become part of its diversified and inclusive ecosystem which offers multiple payments services globally, with 120+ available integrations from a single point of connection. The program helps drive faster customer acquisition and stronger revenue growth for businesses, and increased value to merchants, platforms, and other customers.
Through Paysafe’s payment gateway, merchants are able to process card transactions seamlessly across multiple countries and currencies. Using Paysafe’s services, merchants can accept payments in over 40 currencies and support a large range of local payment methods, underpinned by the deep regulatory expertise and compliance required to process cross-border payments effectively and expand into new regions.
The partnership between Paysafe and Spreedly initially launched in the UK and Europe, with a particular focus on eCommerce, retail, travel, crypto, and financial services where both companies have a strong existing footprint. The two companies plan to extend the partnership into North America and Latin America.
Rob Gatto, Chief Revenue Officer at Paysafe, said: “Spreedly’s Partnership Program has an exciting vision to offer businesses the opportunity to easily test and add new payment services through its ecosystem, which in turn can bolster all-important customer acquisition and retention efforts. We are delighted to bring Paysafe’s powerful payments solutions to this ecosystem and are looking forward to a successful collaboration.”
Bill Ryan, vice president of global sales with Spreedly, said: “Our partners join our program to signal to the market their commitment to building an inclusive payments ecosystem, full of potential for payment services providers as well as the merchants, merchant aggregators, and marketplaces. We welcome the addition of Paysafe’s innovative and robust payment solutions as we continue to see incredible growth in transaction volume throughout the EU driven by merchants and merchant aggregators interested in the benefits of Payments Orchestration.”
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of over US $120 billion in 2021, and approximately 3,500 employees located in 10+ countries, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
