Microsoft adds alternative payment option to online stores and Xbox

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Specialized payment platform paysafe further strengthened its relations with Microsoft. paysafecard is a new alternative payment option on Microsoft.com and Xbox.com in the US and eight other European countries.

The ongoing collaboration between the two companies now extends to 31 countries. This latest development means millions of customers in the US and Europe can make cash purchases on Microsoft.com and Xbox.com. This includes those who don’t have access to traditional online payment solutions or who prefer not to share information online. In 22 European countries, this service is also available on the Xbox game console.

The paysafecard prepaid payment solution, available in 50 countries through a distribution network of 700,000 retail stores, enables consumers to use cash to pay for services online. Thanks to a 16-digit code, users can perform payment operations easily and reliably. Bank account or credit card details are not required.

Develop cooperation

The expanded cooperation between Paysafe and Microsoft is the latest expansion of a collaboration between the two companies which first saw paysafecard offered as a payment method on Microsoft.com and Xbox.com in December 2020 and includes a multi-year global agreement for Microsoft to support Paysafe’s cloud-based transaction services using Microsoft Azure.

Commenting on the strengthened partnership, chirag PatelPresident of Paysafe’s Digital Wallets Division, said:

“The ability to partner with Microsoft and offer paysafecard in nine additional countries provides an important payment alternative to millions of customers. It is an inclusive payment solution for gamers, allowing them to easily access the digital world of entertainment while controlling their budget. Collaborations with strong partners such as Microsoft have enormous reach and are an important part of our growth story.

Speaking exclusively to The Fintech Times. Patel added: “Although many consumers are embracing cashless payment methods, they still view cash as an important part of the payments landscape.

“Our research shows that 30% of international consumers would prefer or transact more online if they could pay in cash and we believe that when it comes to payment, choice is key.

“With paysafecard, we are giving cash-dependent consumers the choice to access digital payment systems, and we are offering players a cash payment method for their online game purchases – a choice that gives them greater control over their finances.Plus, with many people increasingly concerned about how their data is collected and shared by companies, cash payments provide a sense of control and a way to limit their financial trail. data.

  • Francis Bignel

    Francis is a journalist and our senior LatAm correspondent, with a BA in Classical Civilization, he has a specialized interest in North and South America.

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