Paysafe Expands Digital Wallet Availability Across 18 European Markets | PYMNTS. com

Global payments platform Paysafe has expanded the availability of its digital wallet to 18 European countries, marking a significant step in its consumer product strategy. Launched via a press release on Wednesday, April 22, the PaysafeWallet allows customers to send, receive, spend, and withdraw money through a dedicated IBAN-enabled personal payment account and debit card. Bob Legters, Chief Product Officer at Paysafe, described the wallet as a core consumer product designed to connect cash-based users with a modern digital experience. He emphasized that the service combines everyday usability with necessary financial services to help participants engage fully in the experience economy. Initially launched in select markets, the wallet is now live across the PaysafeCard app, website, and customer-facing marketing channels. The 18 countries where the service is currently active include Germany, France, Greece, Spain, Italy, Austria, the Netherlands, Slovakia, Belgium, Portugal, Ireland, Slovenia, Finland, Cyprus, Latvia, Lithuania, Luxembourg, and Malta. This rollout follows reported growth in March, where active digital wallet users increased by 6 percent year over year to reach 7.8 million. During the same period, digital wallet revenue grew 13 percent year over year to $220.2 million, representing a 6 percent increase on an organic basis. Industry context provided by Paysafe CEO Bruce Lowthers indicates that global digital wallet transaction value rose from $3.9 trillion in 2020 to $10 trillion in 2024. Legters noted in a February interview that wallets are becoming the organizing layer of commerce, even though many consumers remain unaware they utilize them for identity, funds, and rewards management.