About the client
The main goal of KorpON company is optimization of large-scale payment and collection processes of legal entities and individuals. KorpOn terminals, represented by the brand of the same name, are available to customers at more than 70 locations in Baku, in various branches of the PASHA Bank, as well as in Bravo, Araz, Grand, Rahat, Bazarstore, Bolmart supermarket chain and in large shopping centers (Ganclik Mall).
Implemented solution
In October 2021, Azerbaijani partners came up with the idea of developing a comprehensive solution — a large network of self-service devices for accepting cash and then crediting it to bank accounts.
RENOME SMART acts as a technology partner in this project, providing a full cycle of operation: from the development of the payment system and devices to monitoring and maintenance.
At the moment, seventy-five devices are connected to the system in Baku, and twenty more are planned. This will allow KorpOn to cover the capital and start working in other cities of the country. Since many banks are located in Baku, the installation of safe deposit boxes outside the capital opens up new opportunities for them.
OPEX
cooperation model for the bank
URNKEY SOLUTIONS
IMPLEMENTATION STAGES
01. Defining project goals and agreeing specifications with the client
02. Simultaneous start of device and software development.
03. Deployment of a server solution – RSCore platform and launching testing on a pilot device in the showroom.
04. Delivery and installation of the first safes in a single network.
05. Process of scaling.
KEY ADVANTAGE OF OUR SOLUTION
The safe deposit box allows accepting up to 30,000 bills at a time.
This makes it interesting not only for individuals, but also for legal entities that can instantly transfer revenue to their own account at the end of the working day.
WHAT THE PARTNER RECEIVED
According to our partners’ estimates, the amount of savings for developing such a solution starts from $500,000. In addition, they gain high user loyalty by providing top-up services in a convenient way for them.
The main purpose of KorpON terminals is to optimize large-scale payment and cash collection processes for companies and individuals.
- replenishment of accounts by private customers
- replenishment of accounts of legal entities
- payment of loans
Thus, through KorpON terminals, people can deposit personal cash and corporate payments to their accounts at any time of the day. To do this, there’s no need to go to the bank and stand in line.
1.88 seconds
needed to replace
4 wheels on a
“Formula 1” car
“KorpON” terminals
can accept
~40 banknotes
in 1.88 seconds
“KorpON” terminals
can make
~40 banknotes
in 1.88 seconds
Features
Discover more features with ES3003 safe deposit boxes
DEPOSITING FUNDS TO ANY ACCOUNT
In general, it only matters with whom to integrate and what list of services to offer to the bank’s end customer. In Baku, for example, it performs only the simplest — replenishment of the account. However, the range of opportunities includes operations: repayment of loans, replenishment of a deposit account or mobile phone, payment of taxes, transfer, currency exchange, and so on.
LARGE CAPACITY
The safe deposit box allows accepting up to 30,000 bills at a time. This makes it interesting not only for individuals, but also for legal entities that can instantly transfer revenue to their own account at the end of the working day.
COST SAVINGS
Accepting payments for goods and services through an automated cash register with subsequent online crediting of funds to the current account allows one to increase the turnover of the company’s funds and reduce the cost of maintaining a standard cash register.
Value for people, banks, and partner companies
Convenience, accessibility and time savings are the key advantages of the payment system for bank customers. Deposit boxes are located in shopping malls, shopping centers and business centers, which eliminates the need to search for a bank branch, wait for its opening hours, stand idle in long queues, and so on.
In turn, for financial institutions, this means saving on investments in equipment, software, service and collection. According to our partners’ estimates, the amount of savings for developing such a solution starts from $500,000. In addition, they gain high user loyalty by providing top-up services in a convenient way for them.
The Azerbaijani partner receives a commission from each payment made on the device. That is, when a client comes and deposits cash, for example, 100 Manat, a certain percentage of the amount goes to our partner as income. Therefore, its benefits are evident: the more banks — more transactions, and therefore — more income.
3 STEPS TO LAUNCH
01. Making a presentation
At a convenient time for you.
02. Starting the pilot project
We sign the necessary documents.
03. Deploying the system
For the entire network.
Write to manager