Merchant Onboarding Solution for a payment processing behemoth
Key challenges
For payment service providers like our client, acquiring merchants is just one part of the challenge. Achieving success required onboarding and engaging these merchants using an intuitive interface while also maintaining a comprehensive understanding of the entire process.
The merchant onboarding process was siloed, leading to an inordinate delay in completing the application process. There was no end-to-end status monitoring of the onboarding process, which hampered operational excellence and business growth.
Existing data entry systems were slow and manually driven, resulting in time dissipation and rampant inaccuracies in the transaction-based data.
Customer journeys were tediously long and cumbersome, which led to excessive service delays lasting up to days or weeks and poor Customer Experience.
Client in spotlight
Our client is a massive player in the global payment processing industry, with operations in 146 countries and a sustainable network of over 400,000 clients. They support omnichannel payments in more than 135 currencies and handle an impressive 130+ million transactions daily. Our client has much to be proud of, with an unmatched range of services and a strong performance history.
Unlocking Digital success
Project outcomes
Increased customer growth by reducing the number of customer touchpoints by 50%
Reduced the number of pending merchant applications by 40%
Enabled efficient workflows with real-time processing
Download Success Story
Dive deeper into the complete solution. Access the detailed success story in the PDF.