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Monese partners with Paysafe to bridge the gap between cash and digital banking

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Jul 13, 2020

Monese customers can now use Paysafecash to add cash into their accounts 

Monese, the banking service that gives people the financial freedom to thrive anywhere, has partnered with leading specialised payments platform, Paysafe, to provide its customers with access to cash services. Paysafe’s eCash solution, Paysafecash, can now be used by millions of consumers to top up Monese accounts directly with cash. Monese already has over 40,000 cash top up locations in the UK - the new partnership boosts the total number to more than 110,000 across Europe. In total Paysafecash is available at around 170,000 payment points in 28 countries (including USA and Canada).

Monese customers can now conveniently add cash into their account by selecting Paysafecash as the top up method. This generates a barcode which they can take to a nearby Paysafecash payment point to make the payment in cash.

The international roll-out of the partnership between Paysafe and Monese starts in France, with plans to extend the availability of the service into an additional 11 countries over the next few months. These additional countries are Austria, Belgium, Bulgaria, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Romania and Spain.

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."    

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.”

~ENDS~

About Paysafecash

Paysafecash, from leading specialised payments platform Paysafe Group, is an alternative payment method for customers who want to pay online easily and safely using cash. Available today in more than 25 countries, Paysafecash makes online shopping possible for customers without a debit or credit card, or who do not want to use them for online payments. Payment is made by generating a barcode during the online checkout, which is scanned in person at a payment point. The purchase is completed and shipped when the amount due has been paid. Paysafecash was launched in 2018 by the same Paysafe team who created the award-winning, prepaid cash solution paysafecard, a global leader in the online prepaid payments industry founded in 2000.

About Paysafe Group

Paysafe Group (Paysafe) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, card issuing and online cash solutions. 

With over 20 years of online payment experience, an annualised transactional volume of over US $98 billion, and approximately 3,000 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world.

Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments.

Visit us at www.paysafe.com.

For Media Inquiries:

 Sanna Raza, Corporate Communications Manager, DACH | sanna.raza@paysafe.com
+43 676 765 7202

About Monese

Monese is one of the fastest growing, most popular and trusted banking services in the UK and Europe. Launched in 2015 by Norris Koppel, after his first-hand experience of the hassle involved with opening a bank account in a new country, Monese gives people the financial freedom to thrive anywhere.

Monese is for the hundreds of millions of people who live some part of their life in another country - whether it’s for travel, work, business, study, family, or retirement. With its mobile-only multi-currency accounts, its portability across 31 countries, and both the app and its customer service available in 14 languages, Monese allows people and businesses to bank like a local across the UK and Europe.

With over 2 million sign-ups, and majority of incoming funds from the UK attributed to salary payments, Monese fully supports and speaks; English, French, German, Romanian, Polish, Portuguese, Brazilian Portuguese, Italian, Spanish, Bulgarian, Czech, Lithuanian, Estonian and Turkish.

For more information on Monese, visit: http://www.monese.com, or email press@monese.com