viafintech GmbH, part of the leading specialized payments platform, Paysafe (NYSE: PSFE), recently announced a partnership with Pecunpay “to launch a new cash deposit and withdrawal network in Spain.”
Pecunpay, a brand from e-money institution Pecunia Cards EDE, “specializes in innovative e-payment and e-money processing systems.”
The collaboration “enables Fintechs who partner with Pecunpay to leverage its core banking system and licenses to offer consumers easier access to cash deposit and withdrawal services at numerous supermarket checkouts across Spain.”
The new cash-in/cash-out service is now “available through Pecunpay’s integration of viacash, powered by Paysafe.”
Pecunpay’s fintech partners can “access viacash as a white-labelled solution and customize the cash deposit and withdrawal service with their own brand, resulting in a consistent customer journey and experience for the end user.”
Antonio García Cruz, CEO of Pecunpay, commented on the significance of the new partnership:
“Through the launch of this new network, consumers will have much easier access to cash, by being able to use cash withdrawal and deposit services at partnering supermarkets and stores across Spain. This is a vital step in providing services that are focused on the needs of consumers.”
Sergio Kvaternik, General Manager Spain at viafintech, added:
“Our partnership with Pecunpay allows us to leverage our joint strengths and align our complementary services. Together we can provide improved access to cash to many more companies and their customers, thanks to our extensive POS network in Spain.”
As covered, Paysafe Limited claims to be “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, and online cash solutions.”
With over 20 years of online payment experience, an annualized 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.”
