paysafecard, an Austria-based online payment method provider and GlobalCollect, a Netherlands-based payment service provider of local e-payment solutions, have expanded their collaboration to cover Latin American market.

According to GlobalCollect, following the recent entry of paysafecard into the Latin American market, it has increased the number of countries where it will offer its payment method to include Argentina.

GlobalCollect has said that paysafecard is being distributed via its 3,500 outlets in Argentina, which will be the company’s base for further expansion into Mexico.

Michael Muller, CEO of paysafecard group, said: “As GlobalCollect is a very important partner for us in Europe, we are very happy about the expansion of the agreement to include Argentina. Thanks to this integration, our customers will have the chance to use paysafecard in even more webshops.”

Jan Manten, CEO of GlobalCollect, said: “We already established a very good working relationship with paysafecard throughout Europe, so we’re delighted to expand this successful collaboration into the Latin American market now. This region holds tremendous e-commerce growth potential, especially for online businesses which manage to tap into otherwise unserved customer segments.

“For the same reason, GlobalCollect opened an office in Buenos Aires earlier this year and stays committed to boosting its portfolio of local payment solutions rapidly to support its growing presence in Latin America.”