Paysafe partners with Aircash for cash-based money transfers

Thursday 3 February 2022 10:19 CET | News

Electronic money company Aircash has teamed up with Paysafe to enable its users to top up their accounts directly with cash, using the Paysafecash solution.

To add cash into their accounts, users select ‘cash’ as the top up method on the deposit screen of their Aircash wallet app. This generates a barcode which they can take to a nearby Paysafecash payment point to complete the transaction in cash.

International research commissioned by Paysafe in 2020 into how COVID-19 has impacted consumer payment preferences showed that cash remains central to people’s spending plans and retains a firm role as part of the payment ecosystem. 50% of respondents believe that cash is the most reliable form of payment in a crisis and 72% of people said they would be worried if they weren’t able to access cash.

Aircash’s officials said that the company’s wallet is a mobile payments application that allows users to deposit, store, and transfer their money in a digital form. By allowing them to top up their accounts with cash through a solution like Paysafecash with its wide network of payment points, they are making this service more accessible for their users, according to the statement.

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Keywords: Paysafe, partnership, product upgrade, mobile payments, digital wallet, money transfer, e-money
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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