Card payments and cash are still the most popular payment methods. But the cash cycle is labour-intensive and involves costs. This process had to be optimized. Furthermore, there are a large number of customers who prefer to pay with cash or do not have access to cashless payment methods. In addition, more and more banks close their ATMs as it is too expensive. Therefore it becomes difficult to access cash. But in times of digitalisation, these groups must not be forgotten.
The retailers can play an important role as a link between customer and (online-) bank. viafintech had to face the challenge of developing a cash-payment system which is easy to use for every side without the need of sharing sensitive bank details.
Out of this the service viacash was born. The customer can carry out his daily banking transactions while shopping. Depositing & withdrawing money is possible without minimum purchase. Cash remains in circulation without help of collection companies. Instead of having to withdraw money before making a purchase, customers can do so conveniently with their banking app at our checkouts. We also enable our customers to pay for their online purchases offline. If you order online with a viacash partner, you can pay the bill with us. This is a an advantage especially for customers with a cash affinity. Also bills can be paid this way. viafintech creates a payment slip with a barcode, which is scanned at our cash desk and the customer gets money or pays it in. Retailers can simply complete the transaction “with just a beep”.
You find more information about our company, which became part of the
Paysafe Group in November 2021 and our product in the attached presentation. You can also have a look how our company developed the last ten years in this video: https://www.youtube.com/watch?v=2DhrzzBCDg4