Case Study: PandaPay achieves nearly 70% merchant auto-approval rates with Nuvei

PandaPay boosts merchant auto-approval rates to nearly 70% with Nuvei

PandaPay, a Canadian payment solutions provider, faced the challenge of lengthy manual merchant onboarding which slowed activation and delayed revenue for their SMB clients. To significantly increase auto-approval rates while maintaining risk controls, they partnered with Nuvei and leveraged its AI-powered authorization optimization services.

By implementing Nuvei's AI-driven onboarding capabilities, PandaPay developed a custom payments stack that automated underwriting. This solution enabled them to increase merchant auto-approval rates from 15-20% to nearly 70% consistently, allowing for same-day onboarding and activation. The results accelerated time to revenue and significantly improved the merchant customer experience.

PandaPay