BankNearby is an enterprise cash management solution that enables organizations to digitize their cash collection at the first mile and access data at the last mile in real time. It is apt for enterprises that manage cash collection, such as E-Commerce firms with their Cash-on-Delivery (COD) services, FMCGs or Network Marketing entrepreneurs who manage cash payments, or insurance companies collecting premiums in cash.
CashNearby Enterprise Solution provides an opportunity to organizations, to utilize the vast network of PayNearby retailers across the nation to easily disburse cash to its on-field employees, without having to handle cash or issue corporate cards.Best suited for FMCG companies, travel service providers, vehicle rental agencies, logistics firms, food delivery services and other businesses that have on-field employees.
It allows the enterprises with remote working locations to digitally disburse salaries in the bank accounts of their workers/employees while ensuring compliance for identification and age regulations. SalaryNearby enables enterprises to offer assisted services such as cash withdrawal, cash deposit, balance inquiry, domestic money remittance, mobile recharge etc to its employees from within the premises.
FMCG organizations can implement the CollectNearby solution across their distributor-retailer channel and simplify the complete payment collection and incentive disbursal processes. Using the solution, NBFCs or Insurance companies can enable their customers to deposit their EMIs or premiums at their nearby retailers.