Digital-only banking service Tide is coming to the high street through a partnership with Paypoint which will enable customers to deposit cash into their accounts across a network of 29,000 retail stores.
The strategic deal gives the digital bankingg challenger access to a network larger than all banks, post offices and supermarkets combined.
Launched in January 2017, Tide has opened 30,000 accounts for small business customers, who frequently deal in cash transactions.
The integration with PayPoint means that Tide’s customers now have more control of when and where they can add funds to their account; beyond Bacs or Faster Payments.
George Bevis, CEO at Tide, says: “We know that small businesses need to spend less time banking and more time pursuing their passion. We are constantly looking at new ways to improve their banking experience. For a digital-only banking solution, the extensive network of physical locations we can now access thanks to PayPoint’s network is hugely exciting.”