a private limited company. The technical partner providing expertise and the original hardware was IBM Austria. The following year, PaysafeCard also launched in Germany. In 2004, co-founder Michael Müller assumed the role of CEO.

In 2005, PaysafeCard received an EU funding under the eTEN program supporting electronic services with a trans-European dimension. Subsequently, PaysafeCard launched in Slovenia, Greece, Slovakia, Spain and the United Kingdom.In 2008,