Case Study: Teknasyon increases payment authorization rates by 6% with Payrails

Teknasyon increases authorization rates for 250 million active customers by 6% with Payrails

Teknasyon, a global technology company with a portfolio of over 30 mobile apps and 250 million monthly active users, faced significant challenges in managing its complex payment operations. The company needed to increase payment authorization rates and reduce churn across many international markets but was hindered by the difficulty and resource drain of integrating new payment service providers (PSPs) and local payment methods. They partnered with Payrails to find a solution.

Payrails implemented a multi-PSP payment setup featuring smart routing and a fallback & retry mechanism. This solution provided a unified integration layer, allowing Teknasyon to offer localized payment options and process transactions more efficiently. As a result, Teknasyon achieved a 6% increase in payment authorization rates, a 10% reduction in payment-related churn, and reduced its time-to-market for new integrations by 75%.

Teknasyon

Ali Buyukbas

Business Development Director