Funanga expands to Canada, establishes its North America presence

By Leandra Monteiro

Funanga, the Berlin-based instant cash payment service for online merchants, announced its expansion into Canada with plans for a US launch in early 2024.

Funanga’s new partnership with Canadian point of sale network, Now Prepay by Payment Source, will enable users to make in-store cash payments via Funanga’s CashtoCode service to purchase digital goods and top up digital accounts or e-wallets.

“North America is an important market for us and our global online merchants and brands,” said Jens Bader, Funanga, CEO. “Many of our existing merchants have a strong user base in Canada and we hope to develop more relationships across the country. We also hope that our technical integration and ongoing trade there will provide a launchpad for US expansion next year.

The service is now available at more than 15,000 Now Prepay retail locations nationwide including Canadian Post Offices. Now Prepay is known for quality and speed of service and for driving innovative payment solutions in Canada. Funanga users in Canada can also make online purchases with Funanga’s e-voucher service, by using the Funanga smartphone app or web browser.

“CashtoCode offers a reliable, secure, and inclusive alternate payment option for our customers,” said Jason Groulx, Vice President Merchant Services at Payment Source. “We are committed to providing the most trusted and convenient payment options for customers, as well as pursuing exciting new opportunities with innovative payment services and technical partners. We are delighted to add Funanga’s hugely popular CashtoCode service to our portfolio and look forward to a long and successful partnership.”

A launch in North America was a key target for Funanga at the start of 2023, and a Canadian integration was requested from several Funanga merchants and many customers who wanted to use the service in the region. With this expansion, Funanga’s CashtoCode service is now available on every continent.