Instant e-money for your retailers using Eko’s cash collection service
Eko provides an easy-to-use Cash Collection service which helps you set up a cash management system for your retailers. This system makes e-money transfer hassle-free for you and your retailers. We bear the end-to-end technical burden, reducing your integration task to a mere formality.
Direct E-money Transfer
E-money is transfered to your retailers directly when they transfer money to your bank account.
Transaction Alerts
You receive alerts for every cash deposited by your retailers.
Tehnical Assistance for Bank Account
Eko assists you in setting up a bank account for end-to-end cash management of your retailers. We also hold the technical responsibility for integration between you and the bank.
Benefits
Technical Assistance in Bank Integration
Using our experience in the Fintech industry, we uncomplicate the process of setting up a bank account for you. Since the end-to-end process requires technical integration with the bank, we help you in that too. We help you set up a cash management system, from start to finish.
Reduced Operational Cost
We have set up a system that allows your retailers to deposit money directly into your account, so that you don’t end up needing feet on the ground to collect cash from them.
Secure E-money Usage
We hold the responsibility for ensuring that fund credited as e-money is used for domestic money transfer services only. Preventing e-money misuse is our responsibility.
Simple Documentation
The documentation for our APIs is comprehensive! We constantly update it to explain the minutest detail, and of course, we provide technical support.
Eko's Trust
We have been in this industry long enough to know how to handle tricky situations. You can trust us to take care of your business interests.
How to integrate Cash Collection Service
Step 1:
Eko provides CDM Cards & Cash deposit slips to our API Partners.
Step 2:
The API Partner then provides those CDM cards & cash deposit slips to their retailers.
Step 3:
Retailers deposit cash into your bank account using a CDM card or a cash deposit slip.
Step 4:
E-money is credited to the retailer.
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