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Accounts Opening API

With iServeUu2019s Accounts Opening API, your neobanking platform will enable your end customers to create and manage their savings and current account completely digitally and hassle-free. Offer super quick funds transfer, actionable insights and high security with your Neobank app. To know more about the Accounts Opening API call us at 8338088000.

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Accounts Opening API

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  1. Inthisblog,we cover: • AdvantagesofofferingcashlessSolutions. • Howcanyourbusinessoffercashlesssolutions? • Variousmethods ofcashlesssolutions • Whatisaprepaidcard? • Prepaid card vsCreditcard • Prepaid card vsDebitcard • Youridealtargetmarketandusecases • Launchyourprepaidcardplatformsolutions Yourclientsmustbe frequentlywonderingiftheyneedtoimplementacashlessapproachornot fortheirbusiness. Thecoronaviruspandemicandotherrecentworldeventshaveincreasedthe useofcashlessmethods forpayment.Cashisstillwidelyusedinseveralbusinesses,notablyin thebusiness-to-businessecosystem.Yourclientscanreceivepaymentsviacashlessmethods withouthavingto interactphysicallywiththeotherparty. For several reasons, cashless business operations are a popular topic. Going cashless should not be a rash decision for your clients, despite the current situation. In this blog, we cover why offeringcashlesssolutionsto yourclientsandprospectsareabighitin2023.

  2. Advantages ofOffering CashlessSolutions. Billingand Checkoutexperiencebecomeshassle-free:Whenyourclient’sbusinessis dealingwithcashbillingorcheckoutprocedure,itcreatesalotofhustle.Whilethe customer makes paymentstoyourclientswithcash,theyneedto givethemthe exactchange,whichis anotherhassleandistime-consuming.Forthat,theywillhavetokeepastockofcash organizedandcashavailableindifferentdenominations.Ratherthanthat,usingcashless methodstoreceivepaymentswouldmakethingseasier forthemandtheircustomers.Payment withprepaidcards anddebitcardsneedsjustatapandthepaymentisdonethateasily. Improvessalesand promotes higherspending:Cashtransactionsresultinlongercustomer queues foryourclient’sbusiness,slowercheckouttimes,andadeclineintheirsalesvolume. Businessstaffcanreceivepaymentsmuchmore quicklywhentheycanjustturnaroundto addressthetablet.Goingcashlesscangivesomecompanies,suchascafesorfast-casual restaurants,acompetitiveadvantagebyallowingfor quickerservice(especiallyduringmorning andlunchtimerushes).Whencustomerspaywithcards arealsomorelikelytospend more money.Numerousstudieshaveshownthatwhenpayingwithacreditcard ratherthancash, peoplewillspendupto100%more!Offeringcash-backbenefitsorairlinemilesbywayofcredit cardissuersencouragesthispracticeevenmore. Improves customerexperience:Byprovidingmultiplepaymentchoices,implementinga cashlesspaymentsystemguaranteesthatyourclientiskeepingupwithshiftingcustomer demands.Additionally,byusingacashlesssystem,paymentsareprocessedmorequickly, whichcansignificantlyshortenwaittimesandimproveservice.Yourclientsaremorelikelyto returnifyouprovidegoodservice.Cashlesspaymentscanensurethatyouhaveahighclient retentionratebecausetheymakeyourcompany appearmodern,whichiscrucialforbusiness success. Howyour businesscanoffer Cashlesssolutions. Offer brandedcards foryourretailand eCommerceclients:Brandedcardscanbeoneof thegreatestcashlesssolutionsyoucouldoffertoyourretailandeCommerceclients.Your client’sbusinesseswillbenefitfromthisofferingasthecardpromoteshigherbrandloyalty. Directlyoffercardstoatargetedsegment ofendcustomers:Targetingtheendcustomers whoneedtokeeptrackoftheirexpensescanbeagreatdealastheywouldbeeasilyableto getdetailedanalyticsoftheirexpensesandunderstandtheirspendinghabits,thiswouldleadto more interestinyourofferings. Lookout for collaborationswithbusinesses thatcan leveragecashlesspayment solutions: Youcangetintouchwithapps,collaboratewiththem,and providetheiruserswith prepaidcardsolutionsaspertheirgapsin flawlesscustomerexperience.Utilizingthecard wouldensurethatyourprospectivecustomerswoulddomorebusinessforthem.

  3. VariousmethodsofCashlessSolutions Credit Cards/ Debit Cards/ Prepaid Cards: Accepting prepaid, debit, and credit cards can be wonderful for any size business unless your operations are entirely cash-based. These are the cashlesspaymentmethodsthatyourconsumersutilizethemostfrequently. UPIQRCodes:WiththeuseofUPI-compatibleapps,thissystemfacilitatesinstanttransfersof moneybetweenbankaccounts.UPIisthemostpopularpaymentmechanismusedinthistrend ofcashlesstransactions,accordingtoeveryone.SokeepingincompetitionbyinstallingQR codeswouldbewonderfulfor yourbusiness. GiftCards:Aready-madecard knownasa giftCardcanbeacquiredfromaretailerorabank. Thegiftcardhasasetamountofmoneyplaced onit,andyoucanuseittobuyanythingfrom thatparticularretailer.Thiswillassistyourcompanygainsdevotedclients. E-Wallets: Your customers do not need a debit card, credit card, or internet banking password for making payments using a mobile wallet. Just by loading money in the wallet via IMPS and it canbeused on the move. WhatisaPrepaidCard? AprepaidcardisacardthatcanbeusedtomakepurchasesatvariousPOS.Thesumthatis loadedintoitinadvanceservesasthespendinglimit.Theprepaidcardcanthereforebeused aspaymentinplaceofa creditcard,butunlikeacreditcard,itwon'taccruedebtorcharge interest.Ifauserwantsacreditcardbutdoesn'twanttotakethechanceofgoingintodebt,a

  4. prepaidcardisanexcellentalternative.Although aprepaidcardwon'traisetheuser’scredit score,itcanbe usefulforonlineshopping,retailbilling,andmail-inbillpayments. Prepaid Cards Vs Credit Cards, Prepaid Cards Vs Debit Cards Manyargueis prepaid cards sameasdebitcards.Prepaid cardsofferasecure and convenientcashsubstitute.Itcanbeusedtomakepurchasesbothofflineandonline.Likea gift card,theusersmustfirstloadfundsintothecard touseit.Prepaidcardsareappealingtothose whocannothaveaccesstoregularbankingsincetheydonotrequireabankaccounttobe used. Acreditcardisapaymentcardprovidedbyabankthatenablesthecardholdertoborrowfunds uptoapredeterminedamountforstoreoronlinepurchases.Thepurchasescanthenbepaid offgradually,includinginterestchargesthatmightaccrueandpaymentdeadlinesthatmustbe met. Adebitcardisapaymentcardissued byabankthatpermitspurchasesbothonlineandin physicalstores,muchlikeacreditcarddoes.Debitcardtransactionsarefundedstraightfrom thecheckingaccount.Whenusingadebitcardtomakeatransaction,thecorrectamountwillbe automaticallytaken outoftheavailablefundsinthebankaccount. YourIdealTarget MarketandUse Cases

  5. ChainRetail Stores (Smalland Mediumscalesuper marts):Youcan reachouttosmalland medium-scalechainretailstoreslikesupermarts andofferthemtheiServeU prepaidcard solutions.Withtheenablementofprepaidcards fortheirchainofstores,customersofsuper martswillenjoyasmoothandsuperfastbillingexperience. Withtap to payfeatureonour cards,theircustomerscaneasilyjustcompletetheentirebillingphase withasingletap. Ecommerce Stores (MediumandHighscalee-commercestores):Ifyouareane- commerce marketingagency oracompanythat buildswebsitesandapps fore-commerce businesses,youcanofferprepaidcardsolutions ontopofyourofferings.Youcaneasilyprovide yourclientswithvirtualbrandedprepaidcardsorgiftcardsolutionsfortheircustomers.This willimprovetheircustomerexperience,hencewillboosttheirsalesultimately.Atrulyhassle- free checkoutexperienceisaleadingpointyoucanfocuson whileofferingbranded prepaid cardsolutions to youre-commerce oronlinebusinessclients. PotentialBusinessCollaborations (TravelBuddyApp):Increaseddemandintraveland hospitalitypasttheCOVIDphasecaneasilybeleveragedifyouwanttoofferiServeUprepaid cardsolutions.Forinstance,there hasbeena riseintravelbuddyappswhichareessentially socialmediaplatforms fortravelenthusiasts.You canreachout toappslikethese andoffer themprepaidcards fortheircustomers.Thiswouldenabletheirendcustomerstopreloadthe cards,andusethemforexpensesonatrip.Usingthecardwouldensurehigherbrandretention for yourprospects. Direct to Customers (CardsforFreelancers):Evenifyouwanttodirectlymarketyourprepaid cardofferingstoendcustomersinaB2Cmodel,youcantargetanichemarket.Freelancers havebecomethemostactiveinthelastfewyears,andalotoffreelancersareleadingtowarda high-incomegroup.Soyoucanofferabrandedprepaidcard tofreelancerscreatingasortof communityforthem.Thisenablesyourendcustomers,freelancers,inthiscase,toeasily control theirexpensesandhavedetailedanalyticson theirspendingbehaviorwhichinturn makes themyourfans. Launch yourprepaidcard platformsolutions

  6. iServeUpartnersupwithentrepreneursandbusinesseslikeyours,andbecomesanextension oftheirproductandengineeringteam.Theprepaidcards productstackoffersAPIs,SDKs,and end-to-endplatformsdependingonyourrequirements.Rightfromprovidingyourbrandwitha platformthatwillbeusedtoofferprepaidcardsolutionstoyourendcustomerstothefinalday ofgoingliveinthemarket,andbestcustomersupportfollowingtheproductdeliverywillbe coveredby iServeU. Ourbusinessstrategistswillbetheretohelpyoutakethebestoutoftheprepaidcardsolutions offering.Withadedicateddesign,product,engineering,sales,andsupportteamyougeta singletouchpointsolution. Weusethebesttechnologystack,toofferinnovativeandin-demand featuresinourprepaid cardsproductstack.Withadvancedandpowerfulanalyticssupport,userscan geta detailed overview oftheirspendinghabits.The userexperienceisoptimisedtoshowcasethemost importantinformationtotheusersassoonastheyopen theapp,informationlikeRemaining Balanceiscarefullyshown,withanadditionalcheckbutton.Alongwiththisallthepastspending historyisneatlyshownastransactionshistory.Witheasy-to-understand graphsand visualizationstheprepaidcardproductbecomesthebestinclass.Built-inhigh-securityfeatures maketheprepaidcardsafefrommisuseandfraud.Designedperyourbrand’srequirementsthe cardsareboundtocreatehigh brand retentionamongtheusers.Withmorethan20unique featuresourprepaidcardsolutionsstand outasthebestinthemarket. Ifyoustillhavequestionsabouthow youcanleveragethePrepaidCards offering,youcan alwaysreachouttothededicatedbusinessstrategistsatiServeU,wewillhelpyouunderstand betterhowyoucanmakethemostoutofthe PrepaidCardsPlatform.Youcandropusanemail atinfo@iserveu.inorcallusat8338088000.

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