BENGALURU, India, Sept. 8, 2022 /PRNewswire/ — Cashfree Payments, a number one cost and API banking options firm, is enabling door-step cost assortment for DASH, a tech-led go-to-market platform for manufacturers in Tier-3 cities. DASH shall be utilizing Cashfree Payments’ level of sale resolution, ‘softPOS’, to supply this service to greater than 2,000 small merchants in Tier-3 areas.
softPOS is a degree of sale (POS) resolution which might convert an Android telephone right into a POS machine. Businesses can use the app to generate UPI QR codes, create cost hyperlinks, and allow card payments by way of NFC-based Tap and Pay, and in addition file and manage money collections. softPOS additionally provides cost strategies reminiscent of wallets, EMI and so on. by this resolution.
DASH is a know-how platform that makes the Tier-3 market extra accessible for manufacturers in the FMCG and meals commodities phase by way of its community of digitally related Demand Aggregators and Fulfillment Partners. It is at the moment serving to greater than 200 manufacturers to penetrate the Tier-3 market additional. DASH has on-boarded 2,000+ companions in 5 areas and delivers to their door-step inside 24 hours of order. Once the order is delivered, the Fulfillment Partner collects the cost utilizing Cashfree Payments’ softPOS.
Reeju Datta, Co-Founder, Cashfree Payments, mentioned, “Our partnership with DASH illustrates the significance of our softPOS, a cost-friendly alternative to physical POS machines that lets businesses turn any Android phone into a POS device. softPOS has positively impacted DASH’s payments collections process, especially in Tier-3 areas where cash still constitutes a significant portion of the payments made. We’re proud to play a key role in DASH’s vision to make the semi-urban market more accessible for brands.”
Ajay Nain, Founder, DASH, mentioned, “We have a unique operating model where we leverage the entrepreneurial spirit of locals and technology to overcome deep-rooted challenges of Sales & Supply for brands. We are growing at a growth rate of 32% CMGR and looking to touch 100 crore in ARR by the end of September, 2022. The growth requires similar scaling in payment collection and we are glad to partner with Cashfree Payments for the same.”
softPOS by Cashfree Payments helps companies save on {hardware} prices and affiliate upkeep prices. softPOS with its easy and user-friendly interface, can simply be utilized by supply companions, gross sales brokers and subject service professionals to conveniently deal with buyer payments wherever they’re, proper from their cellphones.
With over 50% market share amongst cost processors, Cashfree Payments in the present day leads the approach in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the firm’s function in constructing a strong payments ecosystem. Cashfree Payments works carefully with all main banks to construct the core payments and banking infrastructure that powers the firm’s merchandise and can be built-in with main platforms reminiscent of Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments merchandise are used in eight different international locations together with the USA, Canada and the UAE.
About Cashfree Payments
Cashfree Payments is a number one cost and API banking options firm. It gives full-stack payments options enabling companies in India to acquire payments and make payouts by way of all accessible strategies with easy integration. Cashfree Payments’ choices embrace a sophisticated and simple approach to combine cost gateways, a break up cost resolution for marketplaces, checking account verification API and Auto Collect — a digital account resolution to match inbound payments to prospects. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is amongst the main cost service suppliers in India processing transactions price USD 40 Billion yearly. It has leveraged know-how to lead cost disbursals in India with greater than 50% market share amongst cost processors. Cashfree Payments enables greater than 1,50,000 companies with cost collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments merchandise are used in eight different international locations together with the USA, Canada and the UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI) and was incubated by PayPal.
About DASH:
DASH is a tech-led go-to-market channel that helps manufacturers in the FMCG and meals commodities phase by way of its community of digitally related Demand Aggregators and Fulfilment Partners. It aggregates a number of gross sales channels reminiscent of small wholesalers, supermarkets, Kirana shops and eateries to leverage their collective demand. Besides its core commerce business, it additionally gives financing assist to small wholesalers and retailers in collaboration with NBFCs and BNPL companions.
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