Cashnxt Technologies offers a branch-less network consisting of low-cost ATMs and a mobile banking gateway that lets you access bank accounts, ATMs and Point of Sale terminals and also to make payments through your mobile phone.
Their prime goal is to bring modern banking technologies to semi-urban and rural markets where traditional banks are unwilling or unable to set up ATMs.
Mobile Payment Gateway
Cashnxt Mobile is a voice encrypted mobile payment solution, that enables mobile phone users to make P-O-S payments at the retail outlets, pay utility bills, book tickets, do money transfer and access ATMs of their partner banks using mobile.
If you and your vendor are part of CashNxt network, you can easily conduct transaction in simple steps. The Merchant dials CashNxt’s IVR number, enter his secret pin, transaction amount and will then hear a high pitch sound on his mobile.
The customer also needs to dial the IVR, enter secret pin and wait for the high pitch sound. Then he needs to bring the phone closer to merchant. CashNxt will automatically encrypt and decrypt the sound and the transaction will be confirmed via sms.
Customers who want to make a transaction using an ATM encounters similar audio mechanisms as they do when mobile banking. The ATMs are fitted with audio systems that produce a high pitched sound and it confirms that the transactions are made.
Their prime goal is to bring modern banking technologies to semi-urban and rural markets where traditional banks are unwilling or unable to set up ATMs.
Mobile Payment Gateway
Cashnxt Mobile is a voice encrypted mobile payment solution, that enables mobile phone users to make P-O-S payments at the retail outlets, pay utility bills, book tickets, do money transfer and access ATMs of their partner banks using mobile.
If you and your vendor are part of CashNxt network, you can easily conduct transaction in simple steps. The Merchant dials CashNxt’s IVR number, enter his secret pin, transaction amount and will then hear a high pitch sound on his mobile.
The customer also needs to dial the IVR, enter secret pin and wait for the high pitch sound. Then he needs to bring the phone closer to merchant. CashNxt will automatically encrypt and decrypt the sound and the transaction will be confirmed via sms.
Customers who want to make a transaction using an ATM encounters similar audio mechanisms as they do when mobile banking. The ATMs are fitted with audio systems that produce a high pitched sound and it confirms that the transactions are made.
Visit: http://cashnxt.net/
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