Given the convenience it offers, cash remains the most preferred mode of transaction for the masses in India. Hence, enterprises having receivables from customers, need to offer cash as a mode for payment. Getting cash back from customers (scattered across the country) remains a challenge for these enterprises due to the cost and inefficiencies involved, in cash handling.
SimplCash has been able to offer customized yet scalable solutions to these challenges by enabling outlets across 10000+ unique pin codes as cash-drop points. These outlets can be used by enterprises for collecting cash from their customers/agents/employees.
While cash payments may seem rudimentary in the era of digitization, we at SimplCash believe that cash will continue* to co-exist with digital transactions in the forseeable future. Also, there is ample scope for innovation towards making cash transactions simpler for enterprises.
*RBI data suggests that the positive effect of demonetization on digital transactions is receding, and the amount of cash in circulation (as a share of GDP) has returned to pre-demonetisation levels.
#3rd party cash burial #Rural & Peri-urban #Bulk cash & EMI drop #Cash Is King #Digitize cash #Guaranteed Service
Cash collection agents / employees deployed by enterprises (microfinance / NBFC) may use one of their nearby SimplCash touchpoint for burying cash. These touchpoints are open way beyond banking hours, also on weekends. Being closer than bank branches, the agent / employee wastes less time, thereby improving his productivity by as much as 2 hours per day!
NBFCs, MFIs and e-commerce companies having EMI / receivables from their end customers may use our touchpoints for small ticket cash deposition. SimplCash platform provides the most convenient methods to map your customers to nearest outlets most accurately. Furthermore, your customers receive consistently high service levels across any touchpoint they get mapped to. This allows enterprise partners to focus on their core business, and SimplCash streamlines the alternate (cash) collection channel.
Service available across 10000+ Pincodes
Apart from providing access points for cash deposition to its partner enterprises, SimplCash also offers doorstep cash collection in identified PIN codes. This service can be enabled at any of the urban / rural pin codes, provided sufficient & assured volumes are committed.
Contact us to book your PIN code requirement
Commitment to identify and deploy outlets in "dark zones"
Well trained outlets for providing consistently superior service levels across India
Removes inefficiencies endemic to manual processes
Effective use of blockchain and distributed ledgers
Single integration, Single fund transfer, Single MIS
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