SasaPay, a leading digital payments service provider, has introduced an innovative tool enabling users to automatically transfer money to bank accounts.
The groundbreaking Auto-Settlement feature enables both merchants and users to effortlessly transfer funds to their bank accounts according to personalized schedules—ranging from hourly, daily, weekly or monthly.
This feature eliminates the need for manual intervention in transaction handling, streamlining payment procedures and providing enhanced convenience for merchants to manage their finances. Users gain the flexibility to schedule fund transfers at their convenience, specifying days and preferred times.
Daniel Njoroge, SasaPay Chief Operating Officer, emphasized the impact: “Reducing manual intervention streamlines processes, delivering a smoother, more user-friendly experience.”
The user-friendly design of the tool streamlines money management for businesses, reducing errors and delays and ensuring a steady and dependable financial flow. Real-time confirmations enhance transparency by instantly informing all parties involved.
To ensure user confidence, SasaPay incorporates robust security measures, including encryption protocols and multi-layered authentication, safeguarding financial data from unauthorized access. Consistent surveillance, security audits, and timely updates contribute to the system’s resilience, supported by redundant systems and fail-safe mechanisms. This approach minimizes the likelihood of disruptions and guarantees a secure user experience.
This tool proves particularly advantageous for businesses such as matatu Saccos or PSV owners, petrol stations, and small and medium enterprises (SMEs) preferring scheduled bank transfers.