Paysafe to acquire viafintech in an all-cash transaction

Founded in 2011, viafintech operates beneath the manufacturers of Barzahlen/Viacash and Viacash, offering financial offerings across the Austria, Germany, and Switzerland (DACH) vicinity.

Viafintech integrates with digital banking apps to provide an innovative “mobile ATM” idea which allows clients to make deposits or withdraw coins from their digital bank bills at a close-by retail keep using a barcode; something that is becoming increasingly famous within the location. Viafintech answers are also used broadly for bill payments and credit payouts, in addition to for on line buying in general, supporting purchasers in the location who don’t have bank debts, or who honestly prefer the heightened safety of the use of eCash to pay online.

Headquartered in Germany, it also has a presence in an extra 5 European countries with plans to extend further. It operates via a community of 20,000 points of sale with over 20 well-known retail companions and also has relationships in the banking, bill payments, and eCommerce industries.

Sebastian Seifert, Co-founder and Managing Director of viafintech, stated: “We are extremely joyful to come to be a part of the Paysafe Group and believe this circulate will allow us to build on our enterprise achievements to date and accelerate our future boom as Europe’s number one, non-banking, coins-in / cash-out infrastructure, further fuelling the shift far from legacy banking and riding greater monetary inclusion in preferred.”