Merchant & Retail Cash Collection Service
Merchant & Retail Cash Collection Service
BW’s Merchant CIT functions will enhance operational efficiency, reduce cost and make risk management more efficient. To achieve this, we recommend a tripartite agreement between BW, the bank and the merchant to streamline the cash mangement process from merchant cash collections to bank deposit. BW will take care of the entire process, end-to-end.
As our client BANK acquires new Corporate Customers and/or additional retail business Merchants, BW will on-board the bank’s retail customers to provide services, and also the movement of other valuable items from point to point, including Bank cheques, Drafts, Recharge cards, Ticket Stocks, Security documents, Precious metals & Stones etc.