Paysafe’s SVP for ecommerce & Partnerships, Chris Petersen, highlights the company’s focus on ensuring all transactions and payments start with Paysafe. The company’s SVP of Digital Assets, Micah Kershner, predicts greater adoption of crypto as a payment method in 2024, particularly in the Latin American market where Paysafe has expanded its reach. Paysafe plans to roll out crypto acceptance as a payment method and expects strong growth in cross-border transfers of value. Petersen emphasizes the importance of partnerships in driving the growth of the crypto industry and discusses the demand for crypto payments from charitable organizations. In 2024, Paysafe will focus on developing bespoke digital wallet solutions to meet the needs of its customers. Overall, the company is committed to ensuring that all types of transactions and payments start with Paysafe.
Paysafe’s SVP of Digital Assets, Micah Kershner, believes that 2024 will be a year of significant growth for crypto as a payment method. Kershner notes the strong demand for crypto in the payments space and predicts that crypto’s share of merchants’ wallets will see important growth in 2024. Paysafe is focused on delivering high-value payment solutions that bridge the crypto-fiat divide, particularly for crypto exchanges and NFT marketplaces. The company has expanded the reach of crypto in Latin America through its business units SafetyPay and PagoEfectivo, which provide easy access to over 90% of the region’s GDP.
Paysafe’s presence in Latin America extends further with its eCash solution, paysafecard, which allows users to convert cash into online spending. Kershner sees significant potential for crypto in Latin America and beyond, as the product provides access to the unbanked and underbanked community. Paysafe can also drive greater connectivity through its forex book, supporting consumer crypto payouts and merchant crypto withdrawals through its Skrill and NETELLER digital wallets. The company plans to roll out crypto acceptance as a payment method in 2024 and expects strong growth in this space as well as in crypto as a payment method across its other key verticals.
Paysafe’s SVP for Ecommerce and Partnerships, Chris Petersen, highlights the importance of partnerships in driving the growth of the crypto industry. She notes the solid demand for crypto payments from charitable organizations and emphasizes that crypto is a user-friendly and frictionless way for consumers to make payments. Paysafe plans to continue its growth in the acquiring space and expand its wallet products and services. A major focus in 2024 will be developing bespoke digital wallet solutions to meet the needs of customers, including employer wallets that provide an alternative to traditional payroll services. Petersen emphasizes that every consumer experience starts with a payment and that Paysafe is focused on ensuring that all types of transactions and payments ultimately start with the company.