Paysafe and ZEN.COM bridge the gap between cash and digital banking

By Joy Dumasia

Paysafe announces that it has extended its partnership with payments provider ZEN.COM. Paysafe’s eCash solution, Paysafecash, can now be used by individual customers and business clients across 25 countries in Europe to make fast and secure cash deposits into ZEN.COM’s virtual wallets.

The customer chooses how much cash to deposit into their account and generates a unique barcode for the transaction. The barcode doesn’t have to be used straight away; the customer has 72 hours to proceed further. Within this time, the customer can go to a nearby payment point, scan the barcode at the point of sale terminal and make the payment in cash. The deposited amount will be credited to ZEN.COM’s virtual wallet within minutes. The wallet can manage accounts in 30 currencies and be used for currency exchange and a payment card.

ZEN.COM’s integration of Paysafecash provides a highly sought-after cash loading option for digital banking customers in the following 25 countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the UK.

The announcement is the latest development in an ongoing collaboration between Paysafe and ZEN.COM. ZEN.COM’s business clients already have the option of accepting payments via Paysafe’s leading prepaid solution, Paysafecard and digital wallet Skrill. Furthermore, Paysafecard has been enabled for wallet loading, and there are also plans for further integrations of Paysafe’s payments solutions.

Udo Müller, CEO of Paysafe‘s eCash division, said: “I’m excited about extending our partnership with ZEN.COM to provide a cash-based deposit functionality with Paysafecash. Our eCash network is extremely well established and continually expanding, making this a very convenient and accessible wallet-loading option for ZEN.COM’s cash-based customers, especially as cash remains a cornerstone of the payment landscape in many of these countries.”