Banking service provider Monese is seeking to enhance customer cash access through its new collaboration with Paysafe.
The collaboration means that Paysafe’s eCash solution, Paysafecash, can now be used by consumers to top up Monese accounts directly with cash. It builds on Monese owning over 40,000 cash top up locations in the UK – the new partnership will boost the total number to more than 110,000 across Europe.
Monese customers can now conveniently add cash into their account by selecting Paysafecash as the top up method. This generates a barcode which 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.”
The 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 Müller, 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.”
