Hassle-free cash management services
Fastpay provides Cash Management Services to the day-to-day administration of managing cash inflows and outflows to many businesses. Because of the multitude of cash transactions on a daily basis, they must be managed. We provide a cash drop service for logistics businesses to Fastpay retailer and then provide a pick-up service to these retail stores.
Fastpay is one of the leading Cash Management Service (CMS) provider which handles cash processing to cash-in-transit, from cards to ATM network management, retail management and managed services. We manage the entire flow and management of money for many businesses. We provide retail solutions that are a safe, efficient and affordable way for businesses to control their cash cycle.
We have the technology in place which allows us and our customers to track cash collections and transactions in real-time. The collections system uses sealed-bags so that cash is not handled physically till it reaches our secure vaults, where it is checked and processed under electronic supervision.
Fastpay provides Cash Management Services not only in the urban areas but also in rural and remote areas which have less access to immediate banking channels. Our services are targetted towards providing the fastest, efficient and safe way to consolidate and streamline cash collections. Each service is customised as per the business needs in accordance with the cash inputs and take-outs as the retailers are trained as per the client’s accounts. The retailers are trained to manage and handle cash, the overall accounting and reconciling the money to clients.
The system allows shopping logistics partners like Flipkart, Amazon Myntra, etc, and food aggregators like Swiggy and Zomato to deposit the cash received from customers through cash on delivery (COD) option to deposit their cash at nearby stores, instead of travelling long-distance to banks or their central hubs. The cash collected at Fastpay retail stores will immediately be reflected in the bank accounts of the service providers.
Fastpay has the capacity to handle home banking services wherein we also take care of individual cash deliveries for all leading banks.