Monese
The partnership with Paysafe was formed to introduce a seamless cash deposit solution that enhances accessibility, drives engagement, and unlocks new revenue opportunities within Monese’s digital wallet ecosystem.
About the client
Monese is an all-in-one money app making it easy for millions of customers across the UK and Europe to access the financial tools they need to stay in control of their money.
Monese aimed to grow its business by enabling cash deposits into its digital wallet, thereby driving higher in-app transaction volumes. To achieve this, the company needed to overcome several challenges, including ensuring widespread availability across the EU, providing consumers with convenient and accessible deposit locations, and supporting local currencies to deliver a seamless user experience.
The objective
Integrate PaysafeCash into Monese’s digital wallet to:
- Enable customers to easily deposit cash into their Monese digital wallet
- Drive user engagement through PaysafeCash’s value-added service
- Increase transaction volumes and unlock new revenue streams through deposit fees
The solution
Monese integrated PaysafeCash’s eCash payment method into its wallet, allowing users to top-off their wallet with cash deposits. Users can load cash at over 100,000 point-of-sale (POS) locations across the EU, supported by reputable retailers.
Optimal accessibility
Customers can deposit cash into their Monese wallet at 100,000+ POS locations.
Enhanced operational support
Should issues arrive, Monese has access to Paysafe’s reliable merchant service center.
Customized reporting
Transaction and settlement reporting through the Paysafe Business Portal, Merchant Service Centers, and reporting APIs.
The outcome
Monese drives growth and revenue by enabling cash deposits with Paysafe
By integrating PaysafeCash, Monese successfully added a cash deposit option to its digital wallet, enhancing accessibility for cash-reliant users. This strategic move not only increased transaction volumes but also opened new revenue channels and strengthened Monese’s position in the competitive digital wallet market.