Case Study: Lydia achieves 4% acceptance rate uplift with Checkout.com

Lydia achieves 4% acceptance rate lift with Checkout.com

Lydia, a leading French fintech and banking app, sought to ensure a seamless, high-performance payments experience for its over six million users. The challenge was to navigate the complexities of the payments landscape, including scheme rules and issuer bank preferences, without compromising on their low fraud rate or their commitment to an optimal user experience.

Checkout.com addressed this by providing its Acquiring services and leveraging its local licenses, scheme products like Account Funding Transfer, and strong bank relationships to process transactions, including Cartes Bancaires. This partnership resulted in a 4% uplift in acceptance rates in 2023 while maintaining a near 0% fraud rate and 99.99% uptime, allowing Lydia to focus on innovation.

Lydia

Cyril Chiche

Chief Executive Officer