Paysafe put out the release through Business Wire on Wednesday, and I read it on Stockhouse. PaysafeWallet, the company's newer digital wallet, is now open to users in Croatia, Bulgaria and Estonia through the PaysafeCard app. The release then lists every country the wallet covers, from Austria to Spain, and I counted 22 names on it.
Bob Legters, Paysafe's chief product officer, said the move "reflects our commitment to delivering innovative payment experiences to consumers across Europe." The rest of his quote is standard launch language. The feature list underneath it told me more.
The release lists what a user gets. They can "Manage funds through an IBAN account and a personal debit card," and they can "Top up the wallet with cash via PaysafeCard." They can also "Send and receive SEPA payments across the entire EUR zone" and pay in shops with a Mastercard debit card, Apple Pay or Google Pay.
The cash line is the point. Paysafe's own boilerplate calls PaysafeCard an eCash product and lists it beside the Skrill wallet. PaysafeWallet keeps cash as the way in and adds a bank-style account on top, so a customer who pays in cash can end up with an IBAN and a debit card.
I went looking for Paysafe's August release to see who those customers are. Its boilerplate then listed "iGaming, video gaming, e-commerce, online trading, retail, travel and hospitality." The October version now adds esports and events and names PaysafeWallet beside Skrill. Both report about 2,800 staff in 12 countries and $167 billion of annualised volume in 2025.
The only user number I could find came with the Polish launch on 10 August. Paysafe said "approximately 600,000 users joining PaysafeWallet across Europe in just 18 months." The pitch then was youth. "Young consumers in Poland are digital natives and expect their money to move as fast as they do," Legters said at the time.
That figure counts sign-ups and nothing else. It says nothing about active users, balances or spending. A user who opened the wallet once in 2025 and never came back still counts toward the 600,000.
Then the timing confused me. Electronic Payments International, reporting the Polish launch a day later, wrote that "Paysafe introduced PaysafeWallet in April this year" in 18 European markets. If the wallet only launched in April 2026, eighteen months of sign-ups is hard to square with it. I cannot tell which account is right. Paysafe's latest release does not say when the wallet first went live.
The country count, at least, adds up. Eighteen markets at the start, Poland in August and three more now make 22. Bulgaria sits on that list, which the release presents as all euro-area markets plus Poland.
Each new market is cheap to add once the licence, the card programme and the app already exist, which is why Paysafe can switch on three countries in one short release. The wallet runs inside an app many customers already have, and existing PaysafeCard holders "can simply click on the Wallet tab to get started," according to the August release. That is a low-cost way to turn voucher buyers into account holders without paying to acquire them.
The harder question is how much money it makes. Paysafe gives no revenue, deposit or activity figure for the wallet in either of the two releases I read, and the wallet does not appear as a separate line anywhere in them. The boilerplate change is the only sign of how much weight Paysafe now gives the wallet.
I suspect the wallet's value depends on gaming and trading customers keeping balances in it rather than cashing out after each win or trade. That is a guess, and I am labelling it as one. Paysafe's August pitch leaned on "the reassurance that cash is still an option when they need it." I still do not know how many of the 600,000 users were active last month, and Paysafe has not said.