viafintech, part of payments platform Paysafe, has forged a partnership with electronic money institution Pecunpay to launch a new cash deposit and withdrawal network in Spain.
The partnership enables fintechs who partner with Pecunpay to leverage its core banking system and licences to offer consumers easier access to cash deposit and withdrawal services at supermarket checkouts across Spain.
Pecunpay’s fintech partners can access viacash as a white-labelled solution and customise the cash deposit and withdrawal service with their own brand – designed to deliver a consistent customer journey and experience for the end user.
Antonio García Cruz, CEO of Pecunpay, says following the launch of the new network, consumers will have ‘much easier access to cash’. He says: “This is a vital step in providing services that are focused on the needs of consumers.”
viafintech became part of the Paysafe Group in November 2021. Its API connects businesses with more than 20,000 retail partner stores in Europe, such as REWE, Rossmann, PENNY, Carrefour Italy and dm.
Sergio Kvaternik, general manager Spain at viafintech, comments: “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.”