With around half of Europe’s population either not having a bank account or being unable to acquire a credit or debit card, a huge proportion of consumers are still to this day, heavily using cash.
Cash vouchers provide customers with convenience, adaptability and spend management, among other benefits. They are safe and secure and can help bridge the gap between physical cash and the world of digital payments.
MuchBetter is a payment services provider, revolutionising the payments landscape through a variety of payment products including an e-wallet app, wearables and the MuchBetter Prepaid Debit Mastercard®.
The newest product – the MuchBetter Cash app – has been designed to drive financial inclusion in cash markets.
The MuchBetter Cash vouchers provide consumers with an alternative payment solution that is safe and secure.
Called ricarica in Italy, codigo prepago in Spain, prepaid-codes in Germany, MuchBetter Cash vouchers currently work hand-in-hand with the MuchBetter Wallet app, with a new, dedicated MuchBetter Cash app on the horizon in 2022.
Vouchers can be bought from local retailers and used to instantly top up existing MuchBetter accounts. They’re simple to use and can be bought with cash, with customers not needing a bank account or credit card to purchase and can be instantly redeemed by entering the 16-digit code on the voucher into the app.
Once the MuchBetter Cash app launches, redemption will be even easier as customers will be able to scan their voucher to instantly redeem the voucher value for everyday purchases or gaming.
While the world appears to move further into the digital age, thanks to the evolution of online payments, smartphones and other technologies, some people still prefer to use cash and may be wary about using a credit card online or having a bank account to store their money.
MuchBetter Cash helps people become more financially flexible so they can access gaming, shopping, and entertainment sites.
MuchBetter Cash vouchers are currently available from local retailers in Canada, Spain, Italy, the UK and Austria, with a new version of the vouchers being available in Germany as prepaid-codes soon.
To help make it easier for customers to find their nearest store, the MuchBetter Cash app will have a store locator feature that will show them each shop that holds vouchers in their area.
To ensure customer security, the MuchBetterWallet app also offers an end-to-end secure payment solution, including world-class safety and security features such as biometrics and Dynamic CVV for the MuchBetter Prepaid Debit Mastercard®.
Customers using the MuchBetter Cash app will have access to a virtual card to make online payments that also includes the patent-pending Dynamic CVV technology.
Cards can be frozen instantly if customers lose their physical wallet card or identify any suspicious activity on their account and can easily unfreeze one found or resolved.
Customers will be able to have both a MuchBetter Wallet and the MuchBetter Cash app account, using the same mobile phone number for both accounts and they will also be able to send and request funds.
However, MuchBetter Cash app customers can only send or request funds with another MuchBetter Cash app user.
