Monese launches cash top-ups at over 3,100 stores in Ireland to combat “bank branch isolation”

Monese, the leading European mobile money account, has become the first mobile money account to partner with Paysafe to offer cash tops to all its customers across Ireland. This partnership creates the largest nationwide cash top-up network for a money app. As of today, Monese account holders will be able to top-up their accounts with cash at Paysafe’s network, which includes over 3,100 stores nationwide, such as Spar, Centra, Londis, Applegreen, Texaco and supervalu.

Monese accounts are quick and easy to open through the mobile app. Customers can save, budget, manage their money, and make and receive payments (via debit card, SEPA transfer, Direct Debit, or send internationally in major currencies). Today’s partnership provides the physical infrastructure to easily add cash to Monese accounts, which is lacking from most digital providers in the market.

Nationwide cash top-ups sit alongside Monese’s low fees on card spending in foreign currencies or abroad, global cashpoint withdrawals and international transfers. Customers can set weekly and monthly budgets, categorise and track spending for stress-free money management. Customers can also set up Monese Pots to make any savings, rounding-up any loose change from purchases made on your card. Monese can be used in 14 different languages.

All Monese customers in Ireland will be given fee-free cash top-ups throughout June. As of 1 July, Monese’s Classic and Premium plan customers will have allowances of €400 and €1,000 cash top-ups per month, respectively.

Monese is accelerating its expansion in Ireland, following its acquisition of the award winning Irish fintech, Trezeo, in 2021. Trezeo, an FCA authorised financial services platform, serving independent and self-employed workers, was bought by Monese as part of the European fintech’s push into credit and lending.

Garrett Cassidy, VP Financial Products at Monese, said: “Cash remains an incredibly important part of society in Ireland. However, there are hundreds of communities across Ireland without a local bank branch. This will increase with the ongoing branch closures nationwide and the withdrawal of Ulster Bank. This partnership brings together Monese’s highly accessible money app with Paysafecash’s extensive network, so we can deliver financial services to those facing bank branch isolation. 

“Monese’s mission is to empower ambitious people by providing easily accessible financial services. This is exactly the kind of service that will help us deliver on our mission, by ensuring that cash lodging is still accessible to thousands of people across the Republic as banks are literally shutting their doors on our villages and towns right now.”

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