RENOME SMART participated as speakers and sponsors at UA CASH FORUM 2024. This is one of the key platforms that annually brings together professionals from the cash market. The event took place on May 31 at the Mercure Congress Centre in Kyiv.
This year, during the forum, RENOME SMART shared their innovative ideas for improving the cash collection process in Ukraine.
“A striking example of the model we want to offer is the implemented RENOME SMART case at Doha Airport. There, a network of our ADMs (ES 3003 COIN model) was created for retailers to deposit proceeds in 13 currencies and then store them until collection. A similar project was implemented in Baku for KorpOn company. According to their business model, banks do not need to invest in equipment and software. They only pay a commission for each payment made on the KorpON network device. And so, it’s also a network of Automated Deposit Machines.
The value of our devices, as noted by our international partners, lies in the large number of banknotes in the bag, their quick counting, and validation,” Alla Kyrhyzova, the manager of the banking direction at RENOME SMART, said during the presentation.
Among other important points of the presentation:
- Cash remains an important payment instrument in Ukraine, and its circulation volume is constantly increasing.
- We offer a financial model – comprehensive processing of large cash volumes using ADMs.
- Cash collection using ADMs will allow for more efficient cost management, ensure the necessary level of service, increase the profitability of the service itself, while reducing the risks of theft or loss of funds, increasing transparency, and reliability of cash operations.
- Thus, Сash-in-Tranzit companies and banks will become more flexible to the needs of customers. And along with this, more economical in the use of their resources.
For more information about the new financial model and devices that help optimize the cash collection process, read the link.
