Cash Today, available from 19 April, allows customers to immediately get the cash they collect in their bank accounts

Santander introduced digital cash management service. Source: santander.com

Santander and Prosegur Cash have teamed up to launch an in-store digital cash management solution.

According to the report, Cash Today is designed to guarantee the cash merchants collect is held in a secure device and contractually insured. Besides, users will be able to track all transactions on their Cash Today device in real-time online, which boosts traceability and control over their businesses.

Prosegur Cash, which undertakes to collect the cash and provide change, has a Cash Today call center to solve customer queries and incidents.

The multiple benefits automating cash management brings to businesses of all sizes include reducing risk and saving time.

In Spain, more cash is handed over for small purchases than in any other major economy in the eurozone.

Cash Today will target supermarkets, logistics, restaurants, service stations, pharmacies, tobacco shops, and other businesses.

We’ve reported that UK digital bank secures multimillion investment from Goldman Sachs.

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