Paysafe (NYSE:PSFE), a specialized payments platform, has purchased German fintech company, Viafintech. Known under the brand Viacash, the company offers bank-independent alternative payments infrastructures in Europe.
Founded in 2011, Viafintech integrates with digital banking apps to offer “mobile ATM” which enables customers to deposit or withdraw cash from their digital bank accounts at a retail store using a barcode.
“This is a very exciting acquisition for Paysafe,” said Udo Müller, CEO of Paysafe;s eCash Division. “By combining Viafintech’s leading payment solutions with our own eCash and alternative payment portfolio, we are very well positioned as an essential payments partner to challenger banks around the world.”
“Becoming part of the Paysafe Group will help us to build on our business achievements to date and accelerate our future growth as Europe’s number one, non-banking, cash-in/cash-out infrastructure.” added Sebastian Seifert, co-founder of Viafintech.