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N26 introduced CASH26 feature in Greece

Apr 01, 2021

The bank’s customers in Greece are now able to deposit and withdraw from grocery stores, directly from the supermarket checkouts

N26 Greece

N26 introduced CASH26 feature in Greece. Source: facebook.com

N26 has announced the rollout of CASH26 in Greece thus allowing its customers to use 110 partner Bazaar stores as ATMs for cash withdrawal and deposit.

The service was implemented for the first time in Greece as a result of N26’s partnership with viafintech.

According to the report, cash continues to be the most popular means of payment in Greece. For instance, 75% of point-of-sale transactions by value taking place in cash.

For N26 customers, it is sufficient to use the mobile app, through which they can find the closest partner store on the map. Afterward, the user can generate their own barcode, choosing the deposit or withdrawal option. Once the code has been obtained, the store checkout staff will scan it, and then carry out the withdrawal or deposit operation of the requested amount.

CASH26 meets the needs of the Greek customers, who are still closely tied to the use of cash for all the daily expenses. N26 customers will be able to withdraw and deposit money at Bazaar’s stores using their smartphones only. We are particularly proud to be the first mobile bank to launch this kind of service, in partnership with viafintech and Bazaar's stores. Our goal is to offer to Greek customers a high-value service, totally tailored to their needs: with CASH26, using a practical and simple solution, we have combined the time of shopping with the needs of withdrawal and deposit, guaranteeing a significant saving in terms of time and spending
Andrea Isola, General Manager South East Europe of N26

We’ve reported that Bundesbank pilots securities settlement via blockchain.

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Tags: # Greece # N26

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