Paysafe [NYSE: PSFE] Announces a New Partnership With Huawei

Paysafe Limited [NYSE: PSFE] disclosed that it has collaborated with Huawei. After the agreement, the online cash payment solution Paysafecard of PSFE is now available as an alternative payment method in the Huawei App Gallery in Denmark, Finland, France, Germany, Italy, Norway, Poland, Spain, Sweden, and the UK.

Paysafe believed that partnering with a powerhouse like Huawei expands the reach of PSFE cash-based payment solutions to millions of additional consumers. This is a major step on its path to make Paysafecard the payment method of selection in the digital entertainment space. Moreover, the company disclosed that for cash-reliant consumers, it also makes buying in Huawei AppGallery more accessible. It allows them to make online buying without a credit card or the need to reveal sensitive financial data.

Furthermore, Paysafecard is available in 50 countries through a distribution network of more than 700,000 stores. This step allows consumers to make use of cash to shop for goods and services online. Payment transactions are completed easily and securely, using the Paysafecard account. Moreover, sensitive financial data such as bank account or credit card details are not necessary.

In addition, it has been revealed that the company intends to continue the launch throughout most countries where Paysafecard is available. This step will make cash-based online buying available to millions of customers. Huawei disclosed that the fulfillment of its customers has always been a beacon that guides its efforts.

The collaboration enables the firm to broaden the checkout options of its ecosystem. It will make its products and services more accessible to all Huawei Services users who prefer the use of cash, rather than bank cards and other billing solutions, when making payments online.