UOB mCollect is an integrated digital collections solution with a third-party application provided by Enterpryze, and is designed to help businesses ease their collection and reconciliation processes by enabling:
UOB mCollect works as both Point of Sale and Cash on Delivery digital collections solution. See how they can benefit you below.
Benefits: Point of Sale
To start using, simply register with UOB and download the Enterpryze mCollect X from either Google Play Store or the App Store.
Benefits: Cash on Delivery
Reduce waiting time for cash and cheques to be credited. Funds are credited instantly for payment with DuitNow QR
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| Step 1 Your customer receives digital invoice from UOB mCollect. |
Step 2 Your customer then selects payment method of either DuitNow QR, Cash, Cheque or Fund Transfer. |
Step 3 For DuitNow QR, your customer scans QR code and makes payment to your UOB account. For funds transfer and cheque payments, your customer deposits to your UOB account and keys in the generated reference number. |
General
UOB mCollect is a DuitNow QR receivables solution on a mobile app, supporting all businesses in payments, collections and reconciliations through UOB’s preferred software partner, Enterpryze.
Enterpryze is UOB’s preferred software partner operating the mobile app. UOB mCollect is exclusive to UOB clients. As UOB mCollect works on the basis of a referral model, any of UOB clients who are keen on UOB mCollect will be referred to Enterpryze.
UOB is constantly working with Enterpryze to enhance the capabilities of UOB mCollect. The original features for a “cash on delivery” business model has been supplemented to support businesses focused on “point of sale” business model. While UOB will provide service support with regards to credit transactions, the day-to-day issue resolution and inquiry will be supported by Enterpryze.
Using UOB mCollect
All businesses can benefit from UOB mCollect as an easy mean to go digital with DuitNow QR. UOB mCollect combines the convenience of DuitNow QR and the ubiquity of your mobile device into a seamless digital invoicing solution.
UOB mCollect is designed to reduce delays caused by cash/cheque collections and manual reconciliation by introducing digital payments via DuitNow QR. This will help alleviate the cost burden which impacts your cash flow.
For F&B and merchants performing onsite over-the-counter sales, UOB mCollect automates your frontliner’s cash counting and reconciliation by converting their mobile device into a mobile POS. For Wholesaler Distributors performing deliveries, UOB mCollect presents your preloaded invoices for deliverymen to receive payments in real time. For Retailers seeking to increase their sales outreach, UOB mCollect allows you to move online by creating new virtual stores for goods pre-payment, or offsite by launching pop-up outlets for fairs and events.
Registering for UOB mCollect
You will need a UOB Corporate Account in order to sign up for UOB mCollect. You will also need to download the mCollect app, operated by Enterpryze.
UOB mCollect is enabled through the twin offerings of UOB SmartBusiness and UOB DuitNow QR. This combines the advanced accounting software of SAP-B1 (brought to you by Enterpryze) with the convenience of DuitNow QR for a seamless, real-time digital experience.
For clients which require greater integration with their in-house systems, UOB mCollect also supports bank and data feeds through a one-time setup.
For clients on UOB BIBPlus, you may retrieve daily sales and collection reports. All payments made via DuitNow QR will be visible on UOB BIBPlus account statements with a unique reference that will help to ease your bank reconciliation process.
The charges are competitive and cost effective to help you realise the benefits of digital payments. To find out more about the app charges, please contact your Relationship Manager or for new customers, click here.
Please contact your Relationship Manager, or visit any of our UOB Branches. To hear connect with our specialists, please click here.
To find out more, please leave your details for us to contact you.
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