8.6 C
New York
Thursday, January 26, 2023
Home Challanger banks Monese partners with Paysafe to enhance access to cash services

Monese partners with Paysafe to enhance access to cash services

Paysafecash is Paysafe’s eCash solution that can now be used by millions of consumers to top up Monese accounts directly.

Monese has over 40,000 cash top-up locations in the UK already. This new partnership boosts the total number to more than 110,000 across Europe. In total Paysafecash is available at around 170,000 payment points in 28 countries (including USA and Canada).

Read also: Klarna unveils ‘KlarnaSense’ – A new initiative to encourage smarter shopping

Monese customers are now able to conveniently add cash into their accounts by selecting Paysafecash as the top-up method. This generates a barcode that they can take to a nearby Paysafecash payment point to make the payment in cash.

Norris Koppel, Founder and CEO of Monese, commented: “Since the very beginning, our vision for Monese has been to create an inclusive and instant, on-demand way for people to manage their personal finances – without the restrictions that are imposed by so many traditional financial institutions.”

“By partnering with Paysafe and including Paysafecash as a top-up method, we are further expanding our ability to offer a truly accessible service and more freedom of choice to those customers who continue to rely on cash,” he added.

This international roll-out of the partnership between Paysafe and Monese will start in France, with plans to extend the availability of the service into an additional 11 countries over the next few months. These additional countries are Austria, Belgium, Bulgaria, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Romania and Spain.

Udo Mueller, CEO of Paysafecard, the team behind Paysafecash, added: “The partnership between Monese and Paysafe reflects a collaboration between one of the most innovative banking services with a leading provider of alternative payment methods. Our eCash network is extremely well established and continually expanding, putting us in a unique position to be able to bridge the gap between digital banking and cash, which remains a cornerstone of the payment landscape in many countries.”

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Tranch Secures $100 Million in Funding to Bring Payment Flexibility to B2B Market

The funding round was led by Soma Capital and FoundersX, and included participation from several US and UK fintech founders which also includes a credit facility from Clear Haven Capital Management.

Federal Prosecutors Seize $700 Million in Assets Connected to Sam Bankman-Fried

primarily in the form of Robinhood shares owned by the FTX founder, according to a court filing revealed on Friday.

How Much is a Bank Bonus Worth to You?

In today's competitive banking landscape, many financial institutions are offering cash bonuses to entice new customers to switch over.

Gen Z: The New Face of Banking

Generation Z is a unique and powerful generation that is shaping the way we think and bank.