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Paysafe: Holiday Shoppers Prioritizing Experiences and Flexible, Secure Payments
Businesswire· 2025-11-18 10:24
Core Insights - Shoppers are prioritizing experiences over physical gifts this holiday season, with a significant shift towards meaningful experiences and flexible payment options [1][5][6] - The demand for travel during the holidays is strong, with 44% of consumers planning to travel, including 16% internationally [2][6] - There is a notable increase in the use of digital wallets and omnichannel retail experiences among consumers [6][7] Consumer Behavior Trends - 49% of consumers prefer gifting experiences, particularly in food, travel, and entertainment, while 50% wish to receive experiences themselves [6] - 64% of respondents find gift cards to be the most convenient way to gift video games [6] - 47% of consumers plan to shop early for the holidays, with 20% intending to shop during Black Friday [6] Payment Preferences - Debit cards (46%) and credit cards (37%) remain the top payment methods, but digital wallets (27%) and cash/eCash (27%) are gaining popularity [6] - 49% of consumers have abandoned carts due to unavailable preferred payment methods, and 46% due to security concerns [5][6] Support for Local Businesses - 69% of global consumers plan to purchase from small businesses, indicating strong support for local retailers [6][7] Research Methodology - The insights are based on a survey of 8,500 consumers across multiple countries, including the U.S., Brazil, and the U.K., conducted by Paysafe [2][7]
Paysafe Reports Surging eCommerce and Digital Wallet Volumes
PYMNTS.com· 2025-08-12 23:37
Core Insights - Paysafe's shares surged following strong earnings, driven by organic growth in eCommerce and digital wallet revenues, with transaction volumes increasing by double digits [1][6] Financial Performance - Transaction volumes rose by 10% year-on-year, reaching $41.8 billion [2] - Organic revenue growth was reported at 5%, with eCommerce growth exceeding 30% across various sectors [5] - Revenue from eCash solutions and online account distributions grew by 37%, totaling $22 million [3] - Merchant solutions volumes increased by 9% to $35.7 billion [5] Business Development - The CEO indicated that enterprise-level deals and annual contract values are up over 20% year-to-date, with a strong backlog in gaming and FinTech sectors [3] - The company launched the PagoEfectivo wallet in Peru, achieving nearly 40,000 signups and a significant volume of repeat users [3][4] - 81% of surveyed customers expressed intent to use the company's wallet, with existing Pago customers doubling their transaction frequency [4] Future Outlook - The CFO reaffirmed the 2025 outlook, expecting organic growth to accelerate to 8% to 10% in the second half of the year, with the fourth quarter anticipated to be the strongest [6] - The company is exploring stablecoins as a potential growth avenue, leveraging its distribution network for further development [7][8]