Postbank Launches New Cash Withdrawal Service at Supermarkets
Postbank has introduced a new service allowing customers to withdraw up to €1,000 at supermarket checkouts across Germany. This ‘Cashback’ service, available in 12,500 stores including major chains like Rewe and Penny, facilitates cash withdrawals through barcode generation via the Postbank app. While this trend reflects rising consumer demand for cash transactions, retailers face increasing fees associated with these services, raising concerns about cash availability in the future amid growing popularity of cashless payments.