Cinemas can collect payments easily with reliable alternate payment options…
The rapid growth of Nigeria’s movie culture means cinemas attract many moviegoers seeking to enjoy the latest movies on the big screen daily, leading to massive transactions.
However, with the advancement of CBN’s cashless policies and more Nigerians depending on digital payment methods for their transactions, cinemas will have to reduce their reliance on cash payments from movie lovers.
Although common challenges of digital payments, including card failure, technical interbank network issues, and delayed payment notifications, can lead to frustrations or, in the worst cases, cause loss of sales, cinemas can adopt and provide customers with reliable digital payment options.
How Cinemas can collect payments with Bani’s virtual accounts to solve these challenges
Bani‘s unique virtual accounts offer cinemas a reliable option to collect instant payments through bank transfers. The benefits of using our virtual accounts for payment collection include the following:
- Multiple bank options: With Bani’s virtual accounts, you will be able to provide movie enthusiasts with different bank options to choose from for transfers. This will significantly reduce the chances of failed transactions due to interbank network issues.
- Instant confirmation: Sales attendants at your cinema will have access to instant notification channels to confirm bank transfer payments from moviegoers in a few seconds.
- Instant settlement: Successful payments are settled instantly in your account and are immediately available for withdrawal.
- Easy payment tracking and reconciliation: With a unified dashboard, you can seamlessly track and reconcile payments from all moviegoers.
- Low charges: Bani’s virtual accounts are cost-effective, attracting the most competitive market rates.
Impact of Bani’s virtual accounts on a Cinema’s Operations
Improved Efficiency: Collecting instant payments with Bani’s virtual accounts will lead to shorter queues at ticket counters and concession stands, enhancing overall operational efficiency.
Enhanced Customer Experience: Paying through bank transfers will eliminate the need to carry cash or wait for manual payment processing, leading to a convenient payment experience and higher customer satisfaction.
Increased Sales Opportunities: This instant payment option enables your cinema to capture impulse purchases and upselling opportunities, as they can encourage customers to buy additional items like snacks, merchandise, or premium seating upgrades.
Improved Cash Flow: Using Bani’s virtual accounts for instant transfers, funds are received immediately, reducing the time lag between the transaction and payment settlement. This helps your cinema maintain a steady cash flow, and you can manage your finances more effectively.
Enhanced Security: Collecting bank transfer payments through our unique virtual accounts will provide a more secure payment environment than handling cash. You will significantly reduce the risk of theft or counterfeit money at your cinema.
Data Insights: With the virtual account dashboard, you can access valuable data and insights such as customer behaviour, preferences, and spending patterns. Your cinema can leverage this information to personalise marketing campaigns, tailor offerings, and improve overall business strategies.
Collecting instant payments with Bani’s virtual accounts will simplify your financial operations and reduce administrative burdens by eliminating the need for manual cash handling, reconciliation, and depositing processes.
You can sign up for Bani’s unique virtual accounts and other instant payment collection options, including e-wallet, mobile money, and more, in three quick and easy steps immediately! You can also speak with our sales team for more information.