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Cash Payment Solutions Helps Bring Basic Banking and Commerce Closer

By David Penn Posted on
Categories: Cash Payment Solutions, FinovateEurope 2015

CashPaymentSolutions_logo_high-res.jpgThis post is part of our live coverage of FinovateEurope 2015.

Cash Payment Solutions is a private retail banking branch network based in Germany with more than 3,400 POS.

Cash Payment Solutions replaces traditional banking branches by enabling the consumer to do the most basic banking service (cash-in/cash-out) at local stores nearby with better availability; for example, flexible opening hours on Sundays. The service is conveniently combined with shopping, and more than 500 companies are successfully using CPS payment infrastructure to accept payments from different verticals like E-commerce, online gaming, utilities, and payment-collection companies.

Cash Payment Solutions is showing new-use cases outside existing verticals for mobile banking, insurance, and local authorities.

 

Presenters: Co-founders Sebastian Seifert, managing director, and Florian Swoboda, managing director
 
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Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)

HQ: Berlin, Germany

Metrics: €4.65 million euros raised, 25 employees

Website: cashpaymentsolutions.com

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