Paysafe and Endava Team to Meld Payments And AI-Powered Engineering
Payments platform Paysafe has launched a partnership with business technology firm Endava.
The collaboration is designed “to bring smarter payments and next-generation community engagement to market faster,” the companies said in a news release Monday (Nov. 17).
“Paysafe’s expertise lies in helping businesses and consumers make seamless, secure transactions worldwide, with offerings including digital wallets, prepaid solutions, and online payment processing,” the release said.
For its part, Endava offers a range of tech and business services, such as engineering optimization and artificial intelligence (AI) solutions, as well as its own experience in the payments sector.
“By combining Paysafe’s global payments expertise with Endava’s AI-driven engineering, we hope to set a new standard for payments and community experience,” said Bob Legters, chief product officer at Paysafe. “We’ll be able to deliver quicker rollouts, higher conversion and richer digital experiences for our partners and for the end user.”
“Payments have always been about trust and connection – two qualities that are now being redefined through technology,” said Alastair Lukies CBE, Endava’s chief engagement officer.
He added that the partnership combines “world-class payments infrastructure and next-generation engineering” to help people and businesses better engage and make “every transaction simpler, faster and more meaningful.”
Paysafe last week released quarterly earnings, lowering its guidance in part due to headwinds related to products such as digital wallets.
Speaking with analysts on an earnings call, CEO Bruce Lowthers said that digital wallets are still “a work in progress.” Consumer engagement has been strong on eCash, “as we continue to cross-sell and shift towards online account-based distribution,” the CEO added. In October, Paysafe’s account and card offerings exceeded 500,000 registrations.
Digital banking partnerships are gaining steam in Europe. But the “classic” wallets are not “accelerating to the level we had planned for in 2025 as weakness in the rest of the world partly offsets strong progress in Europe,” Lowthers said.
“This is a function of a complex ecosystem across the regulatory, risk and banking needs required to develop innovative new products and supporting infrastructure to bring merchants and consumers together in a seamless experience.”
“The inertia across these legacy systems has resulted in some delay in execution of our product roadmaps,” he added. “While implementing and integrating these new models is complex, our customer pipeline remains strong.”
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