BBVA Expands Digital Offering in Germany with Paysafe Cash Deposit Feature LeapRate

0
6


BBVA Germany has expanded its digital banking services through a new cash deposit feature, developed in partnership with payment platform Paysafe. 

Germany trade boom

The service, called ‘Bargeld via App’, allows customers to deposit cash directly into their BBVA accounts at supermarket and retail checkouts without visiting a branch.

The new function extends BBVA’s existing cooperation with Paysafe’s PaysafeCash solution (marketed as Viacash in Germany), which already enables cash withdrawals in-store. 

Both features operate through a barcode generated in the BBVA app, which customers scan at the checkout to complete deposits or withdrawals.

“As a digital bank, we rely on smart partnerships to offer our customers maximum flexibility when it comes to cash,” said Luís Fiestas de Fuentes, Head of Digital Banking at BBVA Germany. “Together with Paysafe, we are creating a modern and convenient way to integrate cash into digital banking.”

Paysafe Chief Product Officer Bob Legters said the partnership “makes BBVA customers even more independent from traditional bank branches.”

Deposits between €50 and €999 can be made per transaction at around 12,000 participating retailers, including REWE, Penny, dm, and Rossmann. The feature is free to use until 31 January 2026, after which a 1.4% fee will apply.

BBVA said the launch strengthens its position as a fully digital bank in Germany, complementing its free, interest-bearing current account with enhanced convenience for customers.