Case Study: a leading Indian merchant payment platform achieves 3x faster onboarding with Signzy's Bank Account Verification API

A Leading Indian Merchant Payment Platform Increased Their Onboarding by 3x with Signzy ' s Bank Account Verification API

A leading Indian merchant payment platform faced significant delays and fraud in its merchant onboarding process. Their manual bank account verification took 4-5 days, hindering their growth and partnership with NBFCs for loan disbursal. They turned to Signzy and its Bank Account Verification API for a solution to instantly and accurately verify accounts in bulk.

By implementing Signzy's API, the platform could verify over 10 lakh accounts in a single batch in less than 3 seconds each. This resulted in a 3x increase in merchant onboarding speed, a 93% reduction in fraudulent accounts, and 5x faster payouts to vendors. Signzy's solution provided the scalability and security needed to support the client's ambitious growth plans.