Cashfree Payments, India’s largest payments and API banking company, has introduced ‘One Escrow,’ an all-in-one escrow service platform. One Escrow is Cashfree Payments‘ flagship modular escrow solution that assures complete confidence and transparency in financial interactions. It was launched by the global leaders in bulk disbursal. Merchants may go live three times faster with this plug-and-play escrow solution while being fully compliant with regulatory standards.
This ground-breaking product tackles growing concerns about financial crime and uncertainty in online transactions, while also adjusting to changing legislation affecting firms in a variety of industries. With ‘One Escrow,’ all escrow parties can sign contracts from anywhere and download signed copies.
Announcing the launch, Akash Sinha, CEO and Co-Founder at Cashfree Payments, said, “One Escrow is a significant step in bolstering trust, security, and transparency in online transactions. From agreement creation to escrow party identity verification, it serves as a single platform for businesses to manage operational and compliance needs, enabling confident execution of online financial transactions. As the market leader in payouts, we are committed to innovating and empowering businesses with secure and efficient financial solutions and One Escrow will be at the forefront of enhancing trust, security, and transparency in digital payments.”
Businesses can use ‘One Escrow’ to easily add all parties involved in an agreement, advance the agreement through various states with a single click, and automate final payouts to beneficiaries specified in the agreement object. The merchant dashboard provides comprehensive tracking of all transactions, including credits and debits connected to an escrow agreement. Merchants can also use One Escrow to construct various customer-level ledgers via APIs and a dashboard, enabling best-in-class reconciliation and control of pay-in and pay-out information on their escrow account. To prevent financial fraud, all escrow parties are verified, including PAN and bank account details, to assure safety and trust.