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Salary Disbursement

Secure and efficient cashless salary distribution

TagPay offers businesses a secure and efficient means of disbursing salaries to their workforce. Any employee with a cell phone can receive their salary on a stored value TagPay account. They can withdraw cash from ATMs and storefronts or use their phone to buy goods and services without having to take cash out first. Any business can use this service and all existing cell phones can be used without prior enrollment or special apps.

Alexi uses TagPay to pay his employees. All his salaries are managed and paid on a single simple interface. His employees have the flexibility of choosing where the funds they receive are placed and used. They can link their wallet to a bank account, withdraw cash whenever they need, send money to friends and family, and more!

Salary: How it Works

Employers can access and manage an online database of the cell phone numbers and salary details for each employee. They can manually disburse salaries through a web interface or set up automatic disbursements at regular intervals. When a salary is disbursed, the employee receives an SMS notifying him that his salary has been sent to his TagPay account.

Using their mobile phone to sign transactions securely, the employee can:

Spend their money securely on the web or at a point of sale using NSDT™ to authenticate the transaction.
Pay bills or buy airtime using the money in their TagPay account.
Transfer money to another person’s cell phone via IVR or on the web.

Withdraw cash from an ATM or cash-out point. The phone must be present to authorize the transaction using NSDT™.

Salary: Benefits

Send salaries to any phone in the world
Extremely Secure—the employee’s phone is required to receive salaries and use the funds
Eliminates cash-carrying risks and logistics
Convenient employer interface for managing salary disbursement
No cash, no checks, no plastic, no hassle

Salary: Case Example

Société Africaine de Plantation d'Héveas (SAPH)

Ivory Coast is the leading producer of rubber in Africa and SAPH controls the production and commercialization of 70% of this natural rubber market. SAPH collects several thousand tons of raw rubber from plantations and pays plantation workers using TagPay.

SAPH is able to avoid transporting and distributing large sums of cash by simply disbursing salaries to worker’s cell phones. SAPH is helping to implant a network of TagPay merchants in rubber producing communities to allow plantation workers to spend their salaries or get cash back from these points of sale.

Related Use Case: Pension disbursement

Governments can use TagPay to disburse pensions to unbanked populations.

TagPay resolves security risks and costly logistics of distributing pensions in cash and gives those who receive pensions more control over how these funds are saved, shared, or spent.