Digital River Expands Its Global Online Payments Portfolio with Prepaid Payment Solution, paysafecard
MINNEAPOLIS--(BUSINESS WIRE)-- Digital River, Inc. (NASDAQ: DRIV), the revenue growth expert in global cloud commerce, announced it has expanded its online payments portfolio with paysafecard, a solution of paysafecard.com Wertkarten AG. Online merchants using Digital River's enterprise commerce platform will be able to accept the prepaid electronic payment method at checkout. Through its global e-commerce solutions, Digital River offers online merchants more than 40 international and local payment options, and over 170 transaction and display currencies. In addition, the company expects to handle more than $20 billion in online transactions in 2013.
paysafecard enables consumers to make secure online purchases without requiring access to a credit card or bank account and can be purchased with cash or credit at one of 450,000 brick-and-mortar retail outlets. A leader in Europe, paysafecard is gaining popularity in the gaming, social media and online communities, and music, film and entertainment industries. It is used in 33 countries across Europe, North America and South America.
"Digital River is committed to continuing to expand our e-payments portfolio with solutions that are global and secure, and that help our customers expand their addressable markets and increase conversions," said Souheil Badran, senior vice president and general manager for Digital River World Payments. "paysafecard makes online purchasing possible for consumers who either don't have bank accounts or credit cards or are reluctant to use credit cards online."
"By adding paysafecard to Digital River's e-payments portfolio, we can help them service an untapped demographic of consumers while increasing our exposure among games and software companies - core verticals where Digital River has established market leadership," said Michael Mueller, CEO, paysafecard. "In 2012, paysafecard processed more than 55 million transactions. In 2013, one of our key goals is to increase that number by strengthening our footprint in the U.S., deepening our coverage in industries where we already have a presence, and expanding into new markets."
paysafecard.com Wertkarten AG, founded in 2000 in Austria and Germany, has established itself as Europe's leading provider for prepaid payment solutions. The paysafecard product is available in 33 countries worldwide and available at more than 450,000 outlets across Europe and America. In 2012, the company won the Paybefore Award for being the 'Best Digital Currency' and the Paybefore Award Europe for being the 'Most Innovative Prepaid Solution.' For more information, visit www.paysafecardgroup.com
About Digital River
Digital River, Inc., the revenue growth expert in global cloud commerce, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. The company's comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, call +1 952-253-1234, or follow the company on Twitter.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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Digital River, Inc.
Kristin McKenzie, +1 952-225-3718
Associate Director, Corporate Communications
Investor Relations Contact:
Ed Merritt, +1 952-225-3362
VP, Corporate Development, Treasury & Investor Relations
KEYWORDS: Austria United Kingdom United States Europe North America Minnesota Germany Switzerland Ireland
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