ING Germany Partners With Paysafe to Strengthen Its Consumer Offering
14 Dezember 2022 - 10:01AM
Business Wire
The third largest bank in Germany to use
Paysafe’s cash service for cash deposits and withdrawals
Paysafe’s (NYSE: PSFE) cash arm – viafintech – has started a new
partnership with Germany’s third-largest bank by number of
customers, ING Germany. From today, more than nine million ING
customers can make cash deposits or withdrawals from their current
account at participating retailers across the country. The new cash
feature, known as ‘ING Cash’ (locally known as ING Bargeld), is
available within ING’s ‘Banking to Go’ app.
In order to use the service, the customer selects ‘ING Cash’ in
the app and chooses the amount they want to deposit or withdraw.
This generates a barcode that can be scanned at one of more than
12,500 partner stores in Germany and the amount can be deposited or
withdrawn instantly. The partner store network includes Rewe,
Penny, Rossmann and dm drogerie Markt, among others, and no minimum
purchase is required¹.
‘ING Cash’ offers a simple and convenient alternative to
traditional ATMs and expands the bank’s existing deposit and
withdrawal infrastructure. It improves access to cash, particularly
in rural areas where this has been greatly reduced due to a
decreasing number of ATMs.
“We are delighted to be partnering with ING to enable easier and
faster banking and access to cash for its customers through our
leading cash solution and extensive network of distributors across
Germany,” said Sebastian Seifert, SVP sales and business
development at Paysafe.
#ENDS#
¹Withdrawals are free of charge for ING customers; deposits are
charged at 1.5% of the deposit amount.
About Paysafe Paysafe (NYSE:PSFE) (PSFE.WS) is a leading
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, and online cash solutions. With over 20 years of online
payment experience, an annualised transactional volume of US $120
billion in 2021, and approximately 3,500 employees located in 10+
global locations, Paysafe connects businesses and consumers across
100 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. Further
information is available at www.paysafe.com.
About viafintech viafintech connects retailers,
corporations and consumers through its platform to deliver digital
financial and value-added services. The powerful viafintech API
connects businesses with more than 20,000 retail partner stores in
Europe such as REWE, Rossmann, PENNY, Carrefour Italy and dm,
ensuring a smooth and fully automated interaction between all
stakeholders. The unique viafintech payment infrastructure enables
various services such as cash withdrawals and deposits, bill
payments, credit payouts, cashless payment methods, prepaid
solutions such as gift cards and many more. viafintech is known for
its brands Barzahlen/viacash in Germany and Austria and viacash in
Switzerland, Italy, Greece and Spain. The company was founded in
Germany in 2011 and is managed by Achim B�nsch, Sebastian Seifert
and Andreas Veller. In November 2021 viafintech became part of the
Paysafe Group.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221214005493/en/
Media contact Ulrike Czekay, PR and Marketing Director at
viafintech Tel.: +49 30 346 46 16 28 / media@viafintech.com
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