Berlin, June, 27, 2022 – It was one of the most requested features by Vivid customers: Cash deposits. Now, together with its partner viafintech, Vivid makes this possible at more than 12,500 acceptance points in Germany.
Thanks to the cooperation with the Berlin-based company viafintech, part of the leading specialised payment platform Paysafe, Vivid customers can top up their Vivid account together with their purchase at a supermarket, drugstore, hardware store or gas station. Participating stores include Rewe, Penny, dm, Rossman, mobilcom-debitel, toom, Unternehmensgruppe Dr. Eckert (which includes various newspaper stores and DB ServiceStores), OMV Tankstelle, Budni and Q1 gas stations.
Vivid customers pay a fee of 2.5 percent of the deposited amount. Vivid Prime users can top-up their account with cash up to 200 euros per month free of charge. After that, 1.5 percent of the deposited money is due. A minimum of 50 euros must be deposited per top-up. A maximum of 999.99 euros can be transferred to the account at one time and within 24 hours.
To deposit cash, Vivid customers use the top-up function in the Vivid app as usual and enter the desired top-up amount. In addition to the existing top-up options via Mastercard and Visa, Apple Pay and Google Pay, as well as Open Banking, cash deposits can now be selected. This involves generating a barcode on the smartphone, scanning at the checkout of participating stores and then paying in cash. The deposit can be paid with the regular purchase but is also possible independently of a shopping trip. There is no minimum purchase amount. The deposited sum appears directly in the Vivid account in a few minutes and customers can access the money immediately.
Vivid is the first financial service platform that combines all your daily money needs in one app. Whether it’s spending, saving, or investing – Vivid offers an easy, flexible, and transparent solution to grow your money. The company's mission is to provide their over 500,000 customers throughout Europe with a superior banking and investment experience and to offer a wide range of financial services (including savings accounts, multi-currency accounts and investments in stocks and crypto) without unnecessary fees. Vivid was founded in 2019 in Berlin and consists of an international, highly qualified team of more than 300 employees. Vivid has already raised over 200 million euros from renowned investors, including Ribbit Capital, Greenoaks Capital, and the SoftBank Vision Fund 2, and is valued at 775 million euros.
For more information, please visit https://vivid.money/
viafintech connects retailers, corporations and consumers through its platform to deliver digital financial and value-added services. The powerful viafintech API connects businesses with more than 20,000 retail partner stores in Europe such as REWE, Rossmann, PENNY, Carrefour Italy and dm, ensuring a smooth and fully automated interaction between all stakeholders. The unique viafintech payment infrastructure enables various services such as cash withdrawals and deposits, bill payments, credit payouts, cashless payment methods, prepaid solutions such as gift cards and many more. viafintech is known for its brands Barzahlen/viacash in Germany and Austria and viacash in Switzerland, Italy, Greece and Spain. The company was founded in Germany in 2011 and is managed by Achim Bönsch, Sebastian Seifert and Andreas Veller. In November 2021 viafintech became part of the Paysafe Group.