Cashfree Payments announced the launch of ‘One Escrow’, an all-in-one escrow service platform. One Escrow is Cashfree Payments’ modular escrow solution that aims to provide transparency in financial dealings. With this plug-and-play escrow solution, merchants can go live faster while being completely compliant with the regulatory requirements. 

This offering addresses the growing concerns over financial frauds and uncertainties in online transactions while also adapting to the changing regulations affecting businesses across various industries. With ‘One Escrow’, all escrow parties can sign agreements from anywhere and download signed copies as well.

Using One Escrow, merchants can also create multiple customer-level ledgers through APIs and dashboard, to enable best-in-class reconciliation and management of pay-in and pay-out information on their escrow account. To ensure safety and trust, all escrow parties are verified, including PAN and bank account details, to prevent financial fraud.  

Additionally, One Escrow can be tailor-made to support all business use cases including and not limited to payouts, co-lending, supply chain financing, marketplaces/D2C/e-commerce, HRMS/Payroll platforms for salary payouts etc.

Announcing the launch, Akash Sinha, CEO and co-ounder 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."