Overview:
This is a feature on the device which allows a vendor to process Cash Ins and Cash Outs on the Kazang platform using the Kazang Device. This additional feature allows customers to make deposits and withdrawals with ease at one location.
How to utilize the function:
Access Bank Cash In/Deposit
With and
without reference
Log into your Kazang device and select the Access Bank option.
Select the Cash In (without reference) or Cash In With Reference option.
Example of Cash In with reference
Enter the Account Number, the Ref nr, the Source of Cash and the Payment Purpose. (With reference number screen)
Example of Cash In without reference
Enter the rest of the information (With reference number screen)
Check the details and Confirm.
.
Check the details and Confirm
Cash In receipt without reference number
Cash In receipt with reference number
Access Bank Cash Out / Withdrawal process
Log into your Kazang device and select the Access Bank option
Select Cash Out
Enter the Voucher Number received from the Access Bank Banking app, telephone number and the amount
Enter the PIN received on the Mobile Number
A receipt is printed and the cash is handed over
Illustration guide on the processes
(Cash In and Cash Out)
Cash In
Customer approaches a Kazang Vendor with R100 to cash into their wallet/account
Kazang vendor enters the relevant transaction information (Customer Identifying information, Account number, phone number, BPW amount etc) into his Kazang POS
Kazang CR will call onto Bank ABC Back-end to confirm customer account number, the KYC information and to validate the Cash-in transaction
Kazang Vendor is asked to confirm transaction details with Customer
P100 will be deducted from Vendors Kazang Wallet and credited to the Kazang Holding Account
P100 will be deducted from Kazang’s prefunded Bank ABC wallet
The customer’s Bank Account will be credited with the P100
The customer hands over the P100 cash to the Kazang Vendor
Cash Out
Step 1
Kazang vendor enters the relevant transaction information (Wallet Phone Number, ZAR amount) into his Kazang POS
The Kazang Vendor will ensure he has sufficient physical cash in his store
Kazang CR will call onto ABC Back-end to lookup customer KYC information linked to the wallet phone number.
Kazang vendor is asked to confirm the transaction details.
Kazang terminal prints a receipt with a unique transaction reference number.
Banc ABC initiates a push USSD message to the subscriber asking them to approve the transaction.
Cash Out
Step 2
Once the Customer approves the transaction, they resume the process with Step 2 of Cash-out.
This requires the Kazang vendor to enter in the Wallet Phone Number, the cash-out amount and the transaction reference generated from Step 1.
Kazang CR checks that the transaction has been approved by the customer by calling on the Banc ABC Backend
If approved, the Kazang terminal indicates success, prints out a receipt and the customer is given their physical cash from the vendor
*Have we missed anything in this article?
Email operationssupport@kazang.com should you need any more information to be added onto this article.