The COVID-19 pandemic has further increased demand for eCash solutions, enabling consumers to avoid long wait-times to make in-person payments at crowded federal, state and municipal facilities, among other benefits. With no need of a bank account or to share sensitive financial information over the internet, Paysafecash™ allows all Americans to transact online, including to pay their rent and government bills, access a diverse range of other digital financial services, and engage in eCommerce. households that are either underbanked or unbanked, according to research from the Federal Reserve.
The solution will particularly appeal to the 22% of U.S. issue of financial inclusion and cash’s enduring importance in the market, Americans not able, or wanting, to make credit or debit card payments online can now access Paysafecash™, which was first launched in 2018 and is now live in almost 30 global markets. eCash solution is powered by the Vanilla Direct™ payment network of InComm Payments, a leading global payments technology company.
launch of Paysafecash™, an alternative payment method for consumers who want to pay online easily and safely using cash. Houston, Texas – Paysafe, a leading integrated payments platform, today announced the U.S.