Paysafe to enable cash top ups for Monese accounts

By 8

Paysafe announced a partnership today with a banking service provider, Monese in a bid to offer the latter’s customers with access to Paysafecash. The company’s eCash solution will now be available to customers, thus allowing them to top up their Monese accounts directly with cash. The new collaboration increases Monese’s cash top-up locations to more than 110k across Europe.

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.”

According to Paysafe, Monese’s customers will be able to add cash into their account by selecting Paysafecash as their top-up method. This is expected to generate a barcode that can then be taken to a nearby Paysafecash payment point for making the cash payment.

The partnership, starting in France, will be extended into additional 11 countries over the next few months including 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.”