MonCash has various payment options that can suit the multiple needs of business owners.
Mon Cash allows merchants/businesses to receive payment for goods and services electronically. Merchants receive the funds in the form of eCash. The merchant can track the receipt of payments on a phone, tablet, and/or computer. The eCash can be deposited as cash in the merchants bank account at anytime by a simple request to the bank. Merchants can withdraw their money at a MonCash Agent or at the bank.
B - Biller
The services allow users to buy things in shops or online, pay bills and activate data plans or Cable TV channels, top-up mobile airtime or send money to friends and family. Cash withdrawals can be only be performed at the biller’s Bank.
C- Loan Payments:
Allows MonCash subscribers to pay or receive loans in electronic format without the need to travel long distances to the closest MFI/Credit Union branch or either carrying big amounts of cash (loans) and risking themselves to being attacked or robbed. On the other end the MFIs or Credit Unions e-payment collections are easy, fast to trace and control with real-time access of electronic funds and the visibility to reconcile accounts. E-funds collected are transferred to clients commercial account at their request with no additional cost.
D- Payroll/Bulk Disbursements:
"This service is tailored to facilitate corporate institutions such as NGOs, Construction Companies, Factories, Public Institutions etc. who make cash payment to their employees or beneficiaries on a periodic basis, allowing them the ease of effecting payment to their employees/beneficiaries at the click of a button. Payment via MonCash help reduce the risks involved with cash transactions, lower operational cost and offer security to employees/beneficiaries.