soCash

Our mission is to solve cash management for banks.

soCash is the fintech answer for your cash distribution needs.

Our platform combines the power of the shared economy and digital payments to make cash circulation very efficient. The goal is to convert every shop and individual into a virtual cash distribution network. The technology makes cash social and peer to peer.

Managing cash machines is expensive.

Customers demand instant access to their cash. However, growing the Automated Teller Machine network means less liquidity for the bank. soCash helps you to enable access to cash digitally beyond ATMs and brings the bank closer to the customer.

Grow with the API economy.

Our proprietary soCash system is integrated with your bank’s mobile app and pairs the customer’s request with the nearest merchant or individual cashpoints.

Demand for cash is growing.

Customers can safely access their cash whenever and wherever they need it without searching for an ATM. Each exchange of cash is backed by digital transfer of money between bank accounts and regulatory compliant.

Cash remains a vital part of the modern economy. In fact, Americans still settle over 60% of their small dollar transactions in cash. In both emerging markets and developed markets, the use of cash grows year after year. Cash in circulation from Australia to the US, and from to Indonesia to Hong Kong, has grown at nearly double digit rates for the past five years.

Holding cash is expensive and banks need an alternative.

soCash research concluded that the fees paid to soCash are 50% of the transaction costs banks pay to run ATMs. The irony is that moving to “cashless” options are more expensive for banks. The fear of running out of money leads to many banks having too much float. This excess burden can be up to one-third of the bank’s cash handling costs.

Want to know more about how soCash can solve your cash processing challenges?
Visit us at www.soCash.io!

soCash is available on the and on