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Introducing mCollect POS: Instant Payment Collections on Mobile

As more customers become orientated with paperless transactions – so must new businesses look to adopt such solutions.

mCollect POS is a new way of digital payment collections that enables synchronicity between different business departments and their customers.

What is mCollect POS?

mCollect POS is an intuitive app by Enterpryze and UOB to bring digital payments to small and growing businesses across Asia.

It’s an integrated digital collections solution designed to improve cash flow tracking significantly through faster collections and a digital payment method that makes life simple.

mCollect POS can be connected to those on the ground (delivery riders collecting payments, sales representatives in brick and mortar shops, etc.) so that all data and real-time notifications can be accessed by everyone in the organisation.

Simple efficiency through a mobile app

mCollect POS is developed with the ecosystem of Asian businesses in mind.

The app is available on iOS and Play Store – and just needs to be installed on your device.

From that point onwards, you can start to:-

  • Bill customers and receive payments with quick & easy invoicing.
  • Get paid faster and securely with multiple payment methods such as PayNow (for customers in Singapore) and DuitNow (for customers in Malaysia.)
  • Processing card payments cost a business anywhere from 2-4% per transaction. With mCollect POS – you can collect digital payments from as low as 0.15%.
  • Easily access scan-to-Pay QR codes so your customer/client can make a paperless payment on the spot.
  • Get instant confirmation of received payments, make bank reconciliations and generate up-to-the-minute sales & payment reports.
  • Go further by adding users and branches (store locations, departments, offices) and set individual permissions.
Built with Asian SMEs in mind

mCollect POS is built to adapt to the specific nature of your business – which means that its tools are flexible above all else.

mCollect POS is currently available to download in Singapore and Malaysia.

The Enterpryze team is also working on bringing the app to Hong Kong very soon! 

The app can be used perfectly with the rest of UOB’s live bank feeds, simplified reconciliation, real-time notifications and collaborative accounting with Enterpryze.

Here are some industries that would benefit from mCollect POS:-

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Retail shops.

As more customers migrate to cashless, contactless payments – mCollect POS is at the forefront of easier business payments. Brick and mortar retail owners can set up their mobile app without the need for separate POS equipment – and just by using their mobile phones to view cash flow across different shop locations 24/7.

F&B deliveries.

New measures are here to stay for your F&B business. Streamline all touchpoints of your restaurant or cafe (pre-ordering, doorstep delivery, drive-through pickups, etc.) with mCollect POS. Your patrons scan, pay through QR codes (DuitNow, PayNow, etc.) and funds can instantly be seen in your dashboard.

Other businesses depending on cash on delivery.

No more paper invoices and bank cheques mean lesser risks of damage, misplaced documents and faster fund collections. Mobilise your entire team of delivery riders or salespeople with the app, so when customers scan and pay from their doorstep – you instantly get real-time notifications on funds in your account.

Why more SMEs should shift towards digital payment collections

mCollect POS’ mobile app is best-suited for businesses that are cash-intensive.

Businesses that rely on their riders or sales teams to handle and transport cash and cheques (depositing cash into a bank at the end of the day, etc.) are at risk of mismanaging or misplacing funds.

And at the end of the day – more manual work is involved between collectors and a business’ finance team to reconcile funds.

For brick and mortar settings where credit and debit cards are heavily used – mCollect POS’ mobile app is another payment solution to provide patrons.

Unlike cards, mCollect POS doesn’t require a separate Point of Sale (POS) terminals.

Your sales team can install the app via mobile, link to your business account and you’ll instantly be able to receive real-time notifications when a sale is made.

Ready to make the choice towards simpler collections? Discover how you can sign up for mCollect POS.

Start collecting payments instantly.

Join businesses across Asia already using mCollect POS.

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