What is aircash?

AirCash is about making payments card less, cashless and mobile-less. Our solution provides retail market customers to make payments bare pockets. We provide biometric devices and complete solution to accept payments which are more convenient, fast, simple and secure. Benefits to Merchants :- Seamless fund collection from customers No MDR Charges*

What is cash used for?

Cash is used to acquire goods and services or to eliminate obligations. Items that do not fall within the definition of cash are post-dated checks and notes receivable. Most forms of cash are electronic, rather than bills and coins, since cash balances can be stated in the computer records for investment accounts.

How long has cash been used?

Cash has been used for as long as goods and services have been traded. Cash in its physical form is the simplest, most broadly accepted and reliable form of payment, which is why many businesses only accept cash. Checks can bounce and credit cards can be declined, but cash in hand requires no extra processing.

What is a cash equivalent?

Cash plays an important role in the financial statements of a company. On the balance sheet, it appears as the first item at the top since it’s a company’s most liquid asset. Companies often include “cash equivalents” in this category, which are money market funds and other short-term investments that are easily convertible into cash.