Paysafe’s viafintech partners with banking-as-a-service platform Solarisbank

Specialized payments platform Paysafe Ltd (NYSE:PSFE) today announces that recently acquired German fintech company viafintech GmbH has entered into a partnership with Solarisbank AG with a joint vision to replace the classic bank branch and physical locations for basic banking services.

Banking-as-a-service platform Solarisbank provides international corporations and fast-growing fintechs with a legally compliant and quick integration of financial services into their own product offerings via APIs. Thanks to the cooperation with viafintech, many of Solarisbank’s partners will be able to offer their customers more than 20,000 acceptance points for cash deposits and withdrawals across Europe in the future.

The technical integration of the service has already been completed and tested, so existing and future partners of Solarisbank can be connected immediately; they only need to integrate a few endpoints and design the front end of the feature according to their target group and corporate branding.

Sebastian Seifert, Managing Director and Co-Founder of viafintech GmbH at Paysafe, comments:

“Our new cooperation with Solarisbank brings together two very complementary sets of strengths and services. Our long-standing and resilient network of retailers in six European countries will now be able to facilitate the daily handling of cash for even more companies and their end customers.”

Leif Wienecke, Managing Director Digital Banking, Solarisbank, added:

“From our point of view, bundling services like the ones provided by viafintech is the key to the banking customer of the future. They expect customer-focused solutions that make daily operations easier, not more complicated. The approach of being able to complete additional services while making regular purchases fits perfectly with our vision of a world in which financial services are seamlessly embedded in people’s everyday lives.”