Paysafe launched its digital wallet in Poland, adding 600,000 European users since early 2023. CEO said wallet hit its strongest month in March as the company turns more aggressive on consumer acquisition.
Paysafe pushed its digital wallet into Poland, the company said Monday, adding a 19th European market to an offering that has drawn roughly 600,000 users in the past 18 months.
The PaysafeWallet lets Polish consumers hold, send, and spend zloty through a virtual debit card linked to a personal IBAN account, according to the press release. Users can top up with cash, make contactless payments at stores and restaurants, or transfer money to other people. Existing PaysafeCard holders can add the wallet through an app toggle; new customers sign up directly.
Chief Product Officer Bob Legters said the target is young users who "expect their money to move as fast as they do." The wallet gives them "their own debit card on their phone, the freedom to pay, send and spend however they want, and the reassurance that cash is still an option," he said in the release.
The rollout follows an earlier expansion wave. In April, Paysafe said it had reached 18 European countries including Germany, France, Greece, Spain, Italy, Australia, and the Netherlands. Poland is the first new addition since that announcement.
CEO Bruce Lowthers signaled on an earnings call in May that the company had turned more aggressive on consumer acquisition. PaysafeWallet recorded its strongest month on record in March, he said, declining to give a specific user count or revenue figure for that period. The wallet also operates in Latin America under the PagoEfectivo brand, which Lowthers described as a growing contributor to engagement.
Paysafe did not disclose a target user number for Poland or a timeline for further European launches. The company said only that the wallet is now available there and that account setup takes minutes.
The push into digital wallets comes as Paysafe competes with larger payment platforms like PayPal, Revolut, and local players in each market. It owns the PaysafeCard prepaid product in Poland and several other countries, giving it a base of existing users who can be converted to the wallet without a separate onboarding process.
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