Cash Management service

Payworld retailer outlets are also the touch points for collection of EMIs for many NBFCs across India. The process is initiated with customer providing valid details of his/her Loan/EMI Id like Loan No., Allotment Id, etc. on the basis of which transaction is done. Once the transaction is complete the customer receives confirmation on his/her mobile number. With over 200,000 active retail touch points across India, Payworld has reduced the gap between customers and NBFCs for the collection of EMIs.

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FAQs

1. What is Cash Management Service?
A cash management system can be explained as automated cash management solutions that helps in managing the inflow and outflow of cash. Most of the cash management systems operate with the intake of cash and then automate cash-handling services throughout the process until reconciliation. Payworld has developed a robust cash management system for collection of cash for maximum NBFCs / MFIs / Cab Aggregators across India. The process is very simple where the customer goes to Payworld outlet & gives details of his/her Loan No., Allotment Id, Mobile No., etc. based on which transaction is initiated & customer receives confirmation on his/her mobile number. The major benefit that NBFCs / MFIs / Cab Aggregators get from CMS service or cash flow management services is the ease of doing the transaction & their collection cost has reduced massively because of the huge spread of Payworld outlets across India.
2. How does Payworld help in Cash Collection services?
Payworld retailer outlets can be the primary source of EMI collection of NBFCs / MFIs / Cab Aggregators all across the country. This effective cash flow management policy of Payworld is very beneficial since it reduces both – customer payment gap and the various risks involved with other cash collection services. A customer can go to any Payworld retail outlet and can make a payment by providing some information such as the loan details and the registered mobile number to the cash collection agent. After the completion of the payment, the customer will receive a payment confirmation message at the registered mobile number. This process of cash flow management services has been very accurate in preventing backlogs or delays in payments as well as maintaining the borrowing capacity of the customer.
3. What benefits does cash management services offer?
There are multiple benefits associated with cash management services. Some of the primary benefits associated with an effective cash collection management are mentioned below.  
  1. Cash management services provide ease of payment service to cash collection agents of NBFCs / MFIs. 
  2. The availability of remittance processing is also one of the key features. 
  3. Cash handling services is a better and efficient time management method. 
  4. With a cash management system, retailers can get more footfall at his/her outlet where NBFCs / MFIs / Cab Aggregator does calling & sends customers to their outlets. 
  5. With cash management services, cash collection agents can earn a handsome margin on every transaction. 
  6. No need to spend on advertisement by retailers on his/her outlet as every customer is sent by NBFC / MFI / Cab Aggregator. 
  7. Retailers can cross sell any of the Payworld services to end customers & earn more with cash handling services. 
  8. 12*7 dedicated customer support. 
  9. Cash Management Services provide assistance in effective management of payments and collection of cash which can ensure improved flow of cash as well as enhanced liquidity. The primary aim of the cash management system is to improve and enhance the profitability of customers because of effective cash collection management.
4. How is our Cash Management Service better than competition?
Payworld has a unique and effective cash management service that helps retailers to expand their business as well as earn a handsome margin at every transaction. Some other benefits that make Payworld cash management services stand out from the rest of the service providers are mentioned below,
  1. Payworld has more NBFCs / MFIs tie-up on the back-end because of which there are more footfalls at outlets.
  2. Competitive Margin & Extra Incentive on achieving targets given by the company.
  3. No extra or hidden cost is applicable.
  4. Payworld portal is very user-friendly and seamless to work.
  5. A trusted brand for a decade for the empowerment of our partners.
5. How to start your cash collection services with Payworld?
Payworld has very simple and easy to follow the registration process. Any candidate interested in the cash collection services and wants to become a cash collection agent can follow these steps, 
  1. Visit the official website of Payworld - www.payworldindia.com
  2. Fill the basic information asked in the form.  
  3. You might have to provide some documents such as identity proof, photographs and residence proof. These are very basic requirements that can be provided easily.  
  4. After the submission of these documents, you will receive a call from Payworld regarding any other formalities that you need to fill.  
  5. After the successful verification with Payworld, you are good to start your business as a cash collection agent.
6. What are the benefits offered at Payworld?
Payworld provides a number of benefits to its retailers. Some of the benefits associated with cash management solutions offered by Payworld are; 
  1. Registering with Payworld ensures increased footfall. This indicates that there will be more customers coming to your stores, which means more income generation. 
  2. Payworld believes in the concept of "Invest less, Earn more". With Payworld, you get a handsome margin on every transaction done by the retailer. 
  3. All the margins are instantly credited into the retailer's account. 
  4. There is no need to spend a lot of money on advertising to attract customers. Payworld will do that work for you. All you require is to register yourself with Payworld services. 
  5. Payworld offers 9 AM –9 PM customer services. These services are also available in multiple languages.
7. Tell me more about Payworld.
Payworld was set up in 2006 as among the very best Fintech businesses that give Financial Professional services to the Semi-urban residents of India. The company has become profitable in creating a network that consists of more than 250,000+ retailers all popular in 630 districts in India initiating more than 200,000 or more transactions regularly. We all focus on quite a few solutions for the untapped target audience of India to speed up financial inclusion. Some of our most common services include- Money Remittances, AEPS, BBPS Bill Payments, Mobile and DTH recharges, Insurances, Loans, Mutual Funds and a lot more. We accept the Government of India for incorporating BC Agents as a part of essential professional services as that has escalated vital financial assistance to the people of India even under tough conditions. At present, Payworld has long been productive in growing an online network with over 50,000 BC Agents who have been successful in delivering financial services to more than 23 million buyers who have fortunately remained unaffected with the global outbreak. We promise all the citizens of India to deliver robust financial services and help whenever required.  Henceforth we all reassure our customers to be aware of the fact no matter what our nation goes through, Payworld will never stop in delivering most high-grade services. But be sure to be safe at home and don’t forget to maintain simple hygiene norms.