PAGO46 and BEAT: Cash Payments Success Story
Ecommerce has grown rapidly thanks to developments in the Fintech sector.
Thus, the implementation of flexible, simple and secure payment solutions is a prerequisite for any e-commerce.
While it is true that there are payment solutions that are somewhat complicated to set up and even need expert help to do so, there are also user-friendly apps or platforms. This means that they are easy to implement, secure and do not require a lot of effort to set up.
This type of app has seen a particular upturn in recent years, as e-commerce has become more robust and has had to respond to increasingly demanding customers.
In this environment of constant change and innovation, strategic and very powerful alliances have been generated between renowned brands. This is what happened with PAGO46 and BEAT.
Want to know more about this success story? Here we tell you the details. Join us.
The offer of PAGO46
PAGO46, as a specialised payment platform, offers users payment services optimised for e-commerce and its solutions provide ways to pay for products or services in cash directly from a smartphone.
These features, coupled with its extensive network of partners, have made it one of the best options for digital and physical payments. Positioning itself as one of the favourites for large electronic transaction companies.
Thus, the payment platform offers two types of plans for merchants to choose from based on their needs: P46 Starter and P46 Plus.
With the Starter package, the business does not need expert assistance to start processing payments, as no integration is required.
In contrast, the Plus package does require integration with the web, but offers a number of advanced benefits that are ideal for companies that want autonomous and specialised management of payments and collections.
By April 2020, the BEAT mobility app needed to be able to receive cash payments, but without committing technical resources to other business priorities.
BEAT recognised the importance of implementing a cash payment option for its customers. However, it was limited in terms of technical and structural capacity to be able to handle such a payment method.
This would represent an investment in the design and implementation of the adaptation of the platform to their system, as well as the hiring of trained personnel to develop the project.
With this in mind, they realised that the best option was to have a strategic partner that offered a secure and reliable cash payment platform. The best option was PAGO46.
They opted for the P46 Starter solution, which allowed them to start receiving cash payments 48 hours later without any additional technical effort or investment.
The benefits of the partnership
The P46 Starter plan, the one selected by BEAT, has a customised form created for the client, which allows the user to access the PAGO46 network to complete their payments.
The proposal is very simple: drivers have to fill in the form with the required data, press the payment button and follow the steps to pay with cash.
The content of the form was agreed with BEAT so that they could identify drivers easily and quickly.
The information is displayed online on the transaction portal provided by PAGO46 and the company can access the platform whenever it wants to have this information available.
With the implementation of this alliance, BEAT was able to offer its users an easy, fast and reliable payment method. This meant a great advantage and ease of payment, a lower drop-out rate and a higher profitability for the company.
Not to mention that the investment they had to make and the application process was much simpler than if they had done it on their own.
"PAGO46 represented a quick solution for collecting cash. Approximately 50% of the cash collection is throughPAGO46," commented a BEAT Treasury employee.
The outcome of the partnership between PAGO46 and BEAT was very favourable for both parties.
BEAT was able to implement a cash payment option without over-investing and maintaining its administrative independence. In this way, it did not have to integrate the PAGO46 platform into its website, but it did reap the benefits.
For its part, PAGO46 added a valuable new partner, allowing more people to access the benefits of digital payments without major complications.
The BEAT success story is just one of the many successful partnerships that PAGO46 has had with companies in Latin America. The platform is becoming more and more widely accepted and disseminated, and new doors are opening to boost trade for large, medium and small companies.