Insurtech, Bsurance and fintech start-up Cashpresso, both from Austria, have struck a partnership, where the digital insurance solution from Bsurance will enable an automatic buyer protection for the customers of the payment provider Cashpresso. Cashpresso is a user-friendly and flexible way to pay for purchases in instalments offered by retailers from various sectors. Customers can choose the instalment amount, make amends to the duration and change it at any time free of charge. Bsurance succeeded in winning AXA Partners as a product supplier and risk carrier, alongside UNIQA and Munich Re. Cashpresso customers in Austria and Germany will be able to benefit from free buyer protection when they use the payment provider. This is valid for exactly one year from the first transaction and for all further transactions during this period. “When our customers shop online, they should receive the products they have ordered. With Cashpresso buyer protection, we reimburse our customers for the purchase price if they have not received an item or order defective goods from a partner shop,” explains managing director, Daniel Strieder. This is already the second cooperation agreement with an Austrian start-up for Bsurance after Playbrush. The linking of an insurance product to a payment transaction provides an outlook on the many possibilities that the cloud-based, digital insurance platform from Bsurance also offers.
Austrian insurtech bsurance will provide automatic buyer protection to customers of fintech Cashpresso. The free buyer protection product will cover purchases for one year from the transaction date. Cashpresso provides payment by instalment for purchases from various retailers, with customers having the freedom to choose and amend the amount and duration of instalments.