Guavapay partners with Paysafe, starting in Canada

Through this collaboration, Canadian users of  MyGuava—our app designed to simplify personal payments and global money transfers, can now use  PaysafeCash to top up their wallet balance. While card usage remains dominant in Canada, cash continues to hold a strong presence. In fact, Payments Canada reports that nearly half of Canadians (49%) still regularly rely on cash. Hence, the integration of PaysafeCash offers a valuable and convenient funding method for our cash-preferred users.

Whether in Vancouver, Toronto, Montreal or Newfoundland, MyGuava users who prefer to manage their money in cash can now easily fund their app wallets using PaysafeCash. By selecting “PaysafeCash” within the app, a barcode is generated and stored on the user’s smartphone.

Users can then visit one of thousands of payment locations across Canada—including Canada Post outlets and local convenience stores—where the barcode is scanned by a retailer. The user simply pays the desired top-up amount in cash, and the funds are immediately credited to their MyGuava account. From there, they can send money internationally, make online purchases, or save—all within the MyGuava app.

While this partnership launches in Canada, both Guavapay and Paysafe share ambitions to broaden its reach across the UK and continental Europe, further supporting consumers in managing their finances in the way that suits them best.

Commenting on the partnership, Ruslan Rustamov, Canadian CEO of Guavapay, said:
“Guavapay is delighted to have formed a new partnership with Paysafe that will enhance cash deposit services to individuals across Canada. The fact we have joined forces with such a prestigious and long-standing organisation is testament to not only how far Guavapay has come as a fintech, but also our joint commitment to fostering financial inclusivity and bolstering payment diversity through innovation. We look forward to further collaboration with Paysafe in the future.”

“Innovating in collaboration with like-minded fintechs and payment firms are key focuses for us at Paysafe, so we’re excited to partner with Guavapay,” said Lewis Horder, Director of Sales at Financial Services at Paysafe. “Starting in Canada with our PaysafeCash product tailored to cash-focused consumers, we look forward to strengthening the MyGuava app by offering Guavapay’s customers more choices when they want to fund their wallet balance to then start transacting.” He added.

About Paysafe:
Paysafe is a leading payments platform with an extensive track record of serving merchants and consumers in the global entertainment sectors. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With 29 years of online payment experience, an annualized transactional volume of $152 billion in 2024, and approximately 3,000 employees located in 12+ countries, Paysafe connects businesses and consumers across 260 payment types in 48 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.