Aircash partners with Paysafe to support cash-based money transfers

By Joy Dumasia

Aircash, the electronic money institution that enables fast and secure money transfers between Aircash users, has partnered with a leading specialised payments platform, Paysafe. Paysafe’s eCash solution, Paysafecash, can now be used by Aircash wallet users to top up their accounts directly with cash. The service is available to Aircash wallet users in Austria, Belgium, Bulgaria, Czech Republic, Cyprus, France, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. 

To add cash into their accounts, users select “cash” as the top-up method on the deposit screen of their Aircash wallet app. This generates a barcode which they can take to a nearby Paysafecash payment point to complete the transaction in cash. 

International research commissioned by Paysafe in 2020 into how COVID has impacted consumer payment preferences showed that cash remains central to people’s spending plans and retains a firm role as part of the payments ecosystem. 50% of respondents believe that cash is the most reliable form of payment in a crisis and 72% of people said they would be worried if they couldn’t access cash.

Hrvoje Cosic, CEO of Aircash, commented: “Aircash wallet is a simple, fast and safe mobile payments application that allows users to deposit, store and transfer their money in a digital form. This is particularly useful for users living abroad who want to send money to friends and family back home. By allowing them to top up their accounts with cash through a trusted solution like Paysafecash with its wide network of payment points, we are making this service more accessible for our users.”

Udo Müller, CEO of Paysafe’s eCash Division, added: “The partnership between Aircash and Paysafe goes to the heart of a problem faced by many migrant communities. Enabling people to digitise their cash and allowing them to transfer it easily helps them support families back home. Our eCash network is extremely well established and continually expanding, putting us in a unique position to support this important function.” 

IBS Intelligence reported that Cryptocurrency exchange transcoin.me has extended its cooperation with the leading specialised payments platform, Paysafe, to add a cash-based payment solution for buying cryptocurrency.