8.6 C
New York
Saturday, April 17, 2021
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.”

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

Recent posts

How are transfer apps building trust with their users?

For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*

Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.

Revolut adds 11 new crypto tokens

Revolut announced this Thursday that 11 more crypto-tokens were added to the option for users to buy and sell.

Starling Bank and Funding Options join to support SME’s

Starling Bank and Funding Options decided to join forces and help SME's with their recovery in 2021.