Paysafe has officially launched its PagoEfectivo digital wallet in Peru, expanding payment options and building on an existing customer base in the region. The new wallet offers instant payouts and has seen nearly 40,000 sign-ups in its early days, demonstrating strong initial adoption. This initiative aims to enhance the digital payment landscape in Peru.
The PagoEfectivo wallet is specifically designed to cater to cash-preferring consumers, particularly those engaged in online gambling, video gaming, and eSports, which constitute a significant portion of Paysafe's Peruvian user base. It provides a secure and seamless transition from cash to digital gaming, offering fast access to winnings.
This product launch is part of Paysafe's broader strategy to evolve its digital wallet platform into a more unified solution for various segments. The company observes sustained high volumes of website and app store visits, along with a doubling of transactions per month from existing Pago customers transitioning to the wallet, indicating positive user engagement and recurring activity.
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