Brinck’s will allow customers of several nobanks including Vybe and Shine to deposit cash into their bank account at the tobacconist. The cash carrier is also launching a new service so that individuals can pay for their purchases on the internet at a tobacco shop.
Brink’s is still innovating. After bankless ATMs, the money transporter is diversifying and launching Brink’s Payment Services: a cash payment service to pay for your online purchases. The principle is simple. When validating your online payments, you will have the option of choosing the option developed by Brink’s. You will then get a QR code linked to the transaction. You can then go to one of the affiliated tobacconists and pay for your purchase in cash to trigger the delivery of your product.
Among those potentially interested in this possibility are unbanked individuals, fragile populations who have more recourse to cash or teens who do not have bank accounts and who receive money from their parents, explain The echoes. We have already enrolled 2,000 tobacconists. And everything is in order with the regulators: they are our agents, and we have the status of payment provider, assures Michal Gabay, president of Brink’s France.
A new solution for nobank customers
MAE, a leader in school insurance, already offers the Brink’s Payment Services solution to allow its members to pay their contributions or subscriptions in cash. This service, which is part of an innovative approach, aims to strengthen our ties with our members. It also reflects our desire to better match the needs of our members wherever they are in France by offering an omnichannel approach, explains Philippe Bnet, CEO of the MAE, in a press release.
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Brink’s does not want to stop there and also hopes to attract nobanks like Vybe dedicated to teenagers or Shine for professionals who are the first users of this new service. The idea is to allow their customers to drop off their cash at a tobacconist to fund their account. So far only Nikel, a subsidiary of BNP Paribas, offers this possibility. For this service, Nickel charges 2% of the amount paid. What about Vybe and Shine customers?
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