Video short: Paysafe - The point of every payment

Online credit and remittance as part of a totally linked up product suite will be some of the key areas Paysafe will explore in 2016, Joel Leonoff, chief executive the igaming payments group, has told iGaming Business as part of its latest video short series.

“We will look to offer credit to consumers to deposit funds into gaming sites. That’s something we’re looking at today and credit online is starting to develop as a real hot area which we may have the tools to offer to our merchants and consumers alike,” Leonoff told iGaming Business.

In terms of outlook, the group is planning to bring all its brands and products “under one roof” added Leonoff, “what we’ll see is a single cashier with all the different payment types that we proliferate. Skrill and Neteller, but also our straight through processing and acquiring business, Paysafecard and ultimately even possibly the credit business and the one piece that works with the wallets - the remittance business, where our consumers can move money freely and easily around the world”.

Those products will be “consolidated under into one suite of products, (that) is where I think we’ll end 2016. A more relevant, easier-to-link-to API. Paysafe is an emerging brand and something we can stand behind and hopefully we will continue to be relevant in this space”, said Leonoff.

In terms of trends, mobile and building mobile-centric products and payment options will continue to dominate the igaming sector in 2016, Leonoff also explained that the idea behind combining all the group’s brands, which include Paysafecard and Payolution as well as Neteller and Skrill, under the Paysafe umbrella was part of a wish “to come out and present a new identity: two companies of equal size (Neteller and Skrill) coming together without one really dominating. We came up with Paysafe as a new name for the business. Really representing what we stand for: safe payments in a world that’s more and more concerned about processing payments and security of information, so we think it’s a great representation of what we do”.

About Paysafe

Paysafe provides digital payments and transaction-related solutions to businesses and consumers in more than 200 countries, moves and manages money via more than 100 payment types and 40 currencies. Paysafe makes transactions easy by enabling fast, convenient and secure ways to pay-before, pay-now and pay-later. Paysafe's brand portfolio includes NETELLER® and Skrill®, paysafecard®, payolution® and FANS Entertainment.