The Cash Cycle
While South Africa is generally a cash centric country, and the cash cycle remains a crucial element of our economy.
This means that the industry is continuously assessing and exploring ways to optimise the cash processes, with efficiency, reliability and security in mind.
How iziCash compliments the cash cycle:
iziCash can collect (cash deposits) and deliver (cash orders) to and from a retailer’s business, 7 days a week (including public holidays). Cash deposits are processed at the iziCash Cash Centre 7 days a week (including Public Holidays) and cash orders are processed and packaged 5 days a week.
iziCash will normally settle and EFT / settle payments to clients 5 days a week – additional fees and terms and conditions will apply outside of that time frame. Detailed reconciliation of cash deposits is circulated to clients within 24 hours after being processed in our Cash Centre.
This whole cash cycle is underwritten with the required end-to-end Insurance products – clients have the choice to use their own Insurance or to make use of the iziCash Insurance products which are tailor-made for the cash cycle.