N26 rolls out CASH26 in Greece for cash withdrawal and deposit services
By Megha Bhattacharya
Mobile bank N26 today announced that its service CASH26 will be available in Greece, enabling customers to use 110 partner Bazaar stores as ATMs for cash withdrawal and deposit. The service aims to simplify the life of its customers, offering the possibility of depositing and withdrawing from grocery stores, directly from the supermarket checkouts. CASH26 is already active in Germany, Austria and Italy.
“CASH26 meets the needs of the Greek customers, who are still closely tied to the use of cash for all the daily expenses. N26 customers will be able to withdraw and deposit money at Bazaar’s stores using their smartphones only”, commented Andrea Isola, General Manager South-East Europe of N26.
“We are particularly proud to be the first mobile bank to launch this kind of service, in partnership with viafintech and Bazaar’s stores. Our goal is to offer to Greek customers a high-value service, totally tailored to their needs: with CASH26, using a practical and simple solution, we have combined the time of shopping with the needs of withdrawal and deposit, guaranteeing a significant saving in terms of time and spending”.
N26 stated that CASH26 is simple to use, for all N26 customers – it is sufficient to use the mobile app, through which they can find the closest partner store on the map. From there, the user can generate their own barcode, choosing the deposit or withdrawal option. Once the code has been obtained, the store checkout staff will scan it, and then carry out the withdrawal or deposit operation of the requested amount.
Antonios Peppas, General Manager Greece at viafintech stated, “Especially in these challenging times, we are extremely proud to bring a solution to the Greek market that will simplify the everyday life of many people. The collaboration brings together the strength of fast-to-market solutions of FinTechs like viafintech, the innovational power of challenger banks like N26 and the market expertise of traditional retailers like Bazaar supermarkets. A strong partnership that will save money and time for many customers”.
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