KaboCash Counter Payment Solutions

Introduction

KaboCash is revolutionizing the way individuals and businesses send and receive money across borders with our innovative counter payment solutions. We understand that some payments cannot be carried out via an app transaction due to the regulatory system and audits, this is why we provide a clear way to ensure that all businesses are able to make their payments regardless of any amount. By leveraging our physical presence at Shoprite Kano, we are providing customers with a seamless and efficient way to initiate telegraphic transfers (TT) to destinations worldwide, including China.

How it Works

In many emerging markets, Nigeria being a prime example, access to reliable, affordable cross border payment infrastructure is limited. Traditional banks and fintech levy steep fees, impose slow processing times, and often lack the flexibility business need. KaboCash tackles these pain points head- on by combining a physical touch point with cutting edge technology.

Customers visit our office at Shoprite Kano and receive competitive exchange rates for their desired payments, we typically receives an invoice/packing list and other supporting documents for ensuring the smoother transaction delivery, and ensuring the payment is processed promptly. Once the agreement of the rate has been signed, depositing the funds in our provisional accounts in Naira, and our team initiates the payment process instantly. We support the payments in all aspects. Our robust technology and partnerships with several financial institutions enable us to process transactions in under one hour, ensuring that recipients receive their funds quickly and efficiently.

Key Highlights

• Transaction Volume: We typically process $5m+ in daily transactions through our counter payment solutions to different businesses and companies. Depending on the demand but we handle a higher transaction volumes.
• Efficiency: Process turnaround is under one hour and immediate delivery of confirmation, building client trust and retention. Our streamlined process enabled us to be a major player across the payment service industry in Africa, we promptly initiate the payment process and provide telex copy (confirmation of payment) enhancing customer satisfaction and loyalty.
• Scalability: Architecture designed to replicate the model in new locations and expand volume without compromising speed of compliance. Our solution is designed to scale, allowing us to expand our reach and increase transaction volumes. We are committed to providing a payment solution to the businesses and individuals with the funds they need.

Key Highlights

1. Physical Presence: Customers walk into our dedicated KaboCash counter at Shoprite Kano (and soon, additional locations)
2. Personalized Service: Clients receive competitive exchange rates and only need to provide an invoice and a few essential details
3. Deposit & Initiation: Funds are deposited in Naira, and our team instantly initiates the Telegraphic Transfer (TT) in our system
4. Speed & Assurance: Leveraging partnerships with multiple financial institutions and our proprietary platform, transactions are completed within one hour, with a telex copy delivered as proof of payment
5. Full Support: We handle compliance checks, audit trails, and customer support throughout the lifecycle of the transfer

Market Opportunity

The global remittance market is projected to reach $1.8 trillion by 2026, driven by increasing demand for fast, secure, and affordable cross-border transactions. KaboCash is well-positioned to capitalize on this trend, leveraging our counter payment solution to capture a significant share of the Nigerian market and beyond.

KaboCash is partnering with you to revolutionize the cross-border payment landscape. All businesses need payments, move your money with our innovative solutions.