Olympus |
Seamless Banking
Leverage business
banking with your
existing Bank
Experience seamless integration, secure transactions, and customization with your existing bank account and manage business finances efficiently
3 Easy Steps to
Get Started with EnKash
Sign Up
Complete KYC Process
Get Started
The EnKash way is
the better way
Switch to EnKash today!
Multiple
Bank Accounts
Transparency
& Control
Define
Limits
Real-Time Visibility
& Reconciliation
Business banking just
got smoother & simplified
with greater visibility & security
Customize As Per Need
Businesses can define a customized logic for decentralized payments as per their requirements
Visibility & Tracking
It becomes easier for businesses to have clear visibility of all their transactions on a single dashboard. This facilitates data-based decision-making and avoids overspending
Virtual Accounts
Decentralized payments for businesses can have dedicated platform debit cards for each branch. This facilitates easy and smooth management
Define
Limits
Businesses can define velocity control by defining a limit for the amount to be used and also set approval limits
Cashflow Management
Enterprises are assured to have a streamlined cash flow as their payables and collections will be in place with receipts captured properly and timely
Seamless Integration
Businesses can easily integrate banking facilities via EnKash without much technical intervention
Experience business banking in a
digitized way
with EnKash
How does it work?
1/5
Log in to EnKash and link your existing bank account to experience seamless banking
Got Questions?
Don't worry! Our FAQs section will help you learn about seamless banking in detail
What are decentralized payments?
Decentralized payment is the process of distributing authority to different department heads in the organization to make payments to their concerned vendors. Each department has its accounts payable team responsible for processing payments to the vendors or suppliers and maintaining records.
How decentralized payment system differs from a traditional payment system?
The traditional payment system is a centralized authority that manages funds on users' behalf. However, that is not the case with decentralized payments as the authority is divided between teams to manage funds. The important difference between a traditional payment system and a decentralized payment system is that the transactions are processed by a central authority in the former while the latter automates the transactions with minimum human intervention.
What are the advantages of using decentralized payments?
Decentralized payments can be customized as per the organization and department’s requirements enabling financial transactions that are aligned with the business’s nature
The distribution of payment across different channels gives less chance of payment failures making the process more efficient and resilient
Such payments provide greater flexibility and control over data and transactions. The user can maintain data privacy as per their choice
The decentralized payment system is accessible and not difficult to work with
These payments allow peer-to-peer transactions without intermediaries like banks
Though these payments are accessible, they are secure and cannot be violated easily
Are decentralized payments secure?
Decentralized payments are secure as they are assisted by blockchain technology. They are encrypted well for anyone to decode easily. The transactions made via decentralized payment systems cannot be tampered with or modified as they come with high security.
How can I start using decentralized payments on EnKash?
Register on EnKash and link your existing bank account to experience seamless banking
Add beneficiaries on the EnKash portal
Create/import invoices on the platform
Enable approval matrix of maker/checker
Make payments directly from the platform to your vendor
Experience auto reconciliation between your bank account, EnKash and your accounting software
How does EnKash's decentralized payments platform work?
EnKash decentralized payment is a part of the seamless banking system that we provide. Users can register on the platform, add their company, enter bank account details, and decentralize their payments as per their organization’s setup and make payments to their vendors, and suppliers, and pay their bills easily.
How does EnKash’s multi-bank payment solution benefit businesses?
The multi-bank payment solution by EnKash enables businesses to have clear visibility of payments made directly to their bank account or payments made via their bank account. With EnKash, businesses can manage multiple bank accounts and align different departments with the suitable bank branch. Businesses can also customize the approval flow according to the hierarchy and role mapping.
The reconciliation reconciliation happens on the dashboard in real time. This visibility helps businesses in quick decision-making based on the data and manage their finances better.
Are there any security concerns associated with seamless banking?
Seamless banking brings convenience, ease of use, efficiency, and security while increasing customer satisfaction. A user-friendly experience helps retain customers leading to higher conversion rates for businesses.
How does a seamless payment process benefit businesses and customers?
Seamless banking is dependent on encryption, secure technology, and user authentication measures to protect data. It is essential to have a robust cybersecurity and vigilance system to ensure the security of seamless banking transactions.
xSeeking further understanding of seamless banking?
Personalized digital banking services based on data and insights about the user’s preferences is seamless banking. It exists to ensure a consistent and secure business experience for the user.
