What’s New in Cashfree Payments – December 2021

At Cashfree Payments, we’ve been constantly working towards making solutions that will make your payments easier! The year 2021 was no different. As businesses moved towards digitization, we were determined to offer businesses the best of payments and banking infrastructure to help them grow. Let’s take a look back, at the year that was 2021!

We ended the year on a high, with several product launches and new partnerships being established. We worked on a bunch of exciting stuff in the last few weeks of the year at Cashfree Payments! Here are some of the top stories for the month of December.

Top Stories

Cashfree Payments is the official Payments Partner for Shark Tank India!

We are thrilled to announce our partnership with the world’s most popular business reality show which has now come to India – Shark Tank!

We are excited to interact with and support the most promising entrepreneurs this country has seen. To further support young entrepreneurs, Cashfree Payments has launched the #YehMeraIdeaTha contest, where the winner has a chance to win ₹50 Lakh worth of free credits. Learn More

Cashfree Payments partners with Mumbai Metro to enable QR code payments for passengers

Cashfree Payments has partnered with Mumbai Metro One Private Limited (MMOPL) to enable online payment for the Metro commuters. 

Available at all 12 stations on the Mumbai Metro Line 1, passengers will now be able to purchase, recharge and avail individual tickets by using any UPI app to scan the Cashfree Payments’ QR code and complete the payment. This feature will help create a safe and efficient payments experience for daily commuters while avoiding long queues and a more pleasurable transit. 

Product Release Notes







Payment Forms

Create customized Payment Forms and get paid from customers instantly!

Payment Forms are a no-code payment form solution that provides an easy way to collect online payments via 120+ payment methods like UPI, net banking, etc. The fields can be customized as per business requirements.
Learn More

Introducing Token Vault – an RBI-compliant tokenization tool to save your customer card details securely!

As per RBI guidelines, with effect from 1st July 2022, neither businesses nor payment aggregators can save customer card details on their platforms.

With Cashfree’s Token Vault, give your customers the option to save cards on your website or app and process card payments securely while being RBI compliant. Cashfree Payments also conducted a webinar in association with Mastercard, talking about the latest RBI guideline on Card on file Tokenization and how it will affect customer transactions for various businesses. Watch the webinar

Token Vault







Payouts

Add and manage payouts via multiple bank accounts and wallets from within Payouts dashboard!

You can now add and manage multiple payout instruments including different bank accounts, Cashfree wallet [Virtual Account] or Paytm Wallet through a single payout account. You can define the load of transactions between the different accounts or wallets and control the Transaction Per Seconds (TPS) and route the transactions efficiently. This will help avoid any unforeseen exigencies of bank downtimes and reduce dependency on a single bank as a payout source.
Please contact your account manager to know more!

Approve Batch transfers with a single click!

With the new update, now approve batch transfers via the app itself!
Once the maker uploads the batch transfer file on the dashboard, the approver will get a notification on the mobile app. The approver can then click on the notification and approve the batch transfer via the app itself! You can also check all the pending approvals in the batch approve tab and approve/reject them in a single click and on the go!
Download Now







Merchant Mobile App



SoftPOS

Introducing soft POS – Accept contactless payments from any android device

softPOS by Cashfree Payments is an Android app which helps businesses accept digital payments on the go. Payments can be collected via QR code, tap and pay, cards, payment links, the buy now pay later option, and many more. With softPOS, businesses can record cash as well as online payments on a single interface and merge their online and offline world.
Please contact your account manager if you’d like to try soft POS out!

We’d love for you to give these features a try and let us know your feedback. As always, feel free to reach out to us at care@cashfree.com for any support you may need.