ING Germany taps Paysafe for cash deposit and withdrawal app
By Gloria Methri
Paysafe’s cash arm viafintech has announced a new partnership with Germany’s third-largest bank by number of customers, ING Germany, or ING Deutschland.
From today, more than nine million ING customers can make cash deposits or withdrawals from their current accounts at participating retailers across the country. The new feature, known as ‘ING Cash’ (locally known as ING Bargeld), is available within ING’s ‘Banking to Go’ app.
To use the service, customer needs to select ‘ING Cash’ in the banking app and select the amount they want to deposit or withdraw. This generates a barcode that can be scanned at one of the 12,500 partner stores in Germany and the amount can be deposited instantly. The partner store network includes Rewe, Penny, Rossmann, and dm drogerie Markt, among others, and no minimum purchase is required.
‘ING Cash’ offers a convenient alternative to traditional ATMs and expands the bank’s existing deposit and withdrawal infrastructure. It improves access to cash, particularly in rural areas where this has been greatly reduced due to a decreasing number of ATMs.
“We are delighted to be partnering with ING to enable easier and faster banking and access to cash for its customers through our leading cash solution and extensive network of distributors across Germany,” said Sebastian Seifert, SVP of sales and business development at Paysafe.
Founded in 2011, Viafintech connects businesses with more than 20,000 retail partner stores in Europe. Its unique payment infrastructure enables services such as cash withdrawals and deposits, bill payments, credit payouts, cashless payment methods, prepaid solutions such as gift cards, and more. viafintech is known for its brands Barzahlen in Germany and Austria and viacash in Switzerland, Italy, Greece, and Spain.
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