Santander and Prosegur Cash have announced the launch of an in-store digital cash managementManagement and control of cash in circulation. More solution for companies called ‘CashMoney in physical form such as banknotes and coins. More Today.’ The solution is built around a smart safe – an integrated deposit safe and note validator – and real-time credit. It is geared towards supermarkets, logisticsThe term originates from military language and refers to the movement and provisioning of troops at war. In today’s business vocabulary, it refers to the management in particular, the transportation, storage and distribution of finished goods. More firms, restaurants, distributors, service stations, pharmacies, tobacco shops, and others.
Cash Today is designed to guarantee that the cash collected by merchants is held in a secure device and is contractually insured. The device validates and counts the cash, which is then credited immediately to the customer’s bank account. Moreover, businesses will be able to track all transactions on their device in real-time online, which boosts traceabilityThe tracking of a product through its industrial or commercial life, by monitoring its location at all times. More and control over their businesses while saving companies time with an efficient cash management process.
The initiative gives customers a personalised and simple product under a fixed-price lease.
A 2020 survey shows that most Spaniards view access to cash as important in times of crisis. Of the people consulted, 86% still see the crucial use of cash, especially during crises such as the Covid-19 pandemic. “Our proposition helps businesses efficiently manage the cash they take in, and offers a digital solution that enables instant transfer, greater security and less time and effort, while enhancing payments at outlets in more underserved areas,” said Vicente Pantoja, head of cash solutions at Santander España.