The Austria-based paysafecard has posted record results for 2013 with turnover rising by 13 per cent to €116.4m and the company’s products being used for 68 million payment transactions - a year-on-year increase of 23 per cent.

paysafecard

The year also saw paysafecard expand into Australia, as well as launching in Bulgaria and Lithuania, and is now available at more than 450,000 sales outlets in 37 countries.

Udo Müller, CEO, said: "Security and convenience are the essential features when paying online. For this reason, paysafecard continued to gain in significance last year, as the figures clearly demonstrate.

“This is not only true for existing markets - such as our most important market, Germany, which we have been working on for years - but also for relatively new markets, such as Canada, Hungary and Turkey, in which we have been able to establish paysafecard within a short period."