Signzy Merchant Onboarding API

2. Merchant Onboarding INTRODUCTION • The payments industry has undergone significant changes due to digitization. • The rise of new businesses, technological advancements, and customer convenience initiatives have contributed to the growth of the sector. • Merchant onboarding plays a critical role in enabling businesses to accept digital payments. • Signzy, a leading provider of digital solutions, offers a DIY low-code merchant onboarding solution that allows any PSP/PA/Marketplace to start onboarding merchants in less than a week's time.

3. Payments • Digital payments are essential in the modern economy. Consumers are increasingly moving away from traditional payment methods, such as cash and checks, towards digital alternatives. • The payment sector is driving growth in the industry, with new technologies and innovations continuously being introduced. • Emerging technologies, such as blockchain and biometrics, are transforming the payments landscape, enabling faster and more secure transactions.

4. Payment Sector Initiatives • Governments and regulatory bodies around the world are taking steps to encourage the adoption of digital payments. In some countries, cashless payments are already the norm. • For example, Sweden is on track to become the world's first cashless society, with the majority of transactions conducted digitally. • Governments and regulatory bodies are also focusing on improving the security of digital payments and reducing the risk of fraud.

5. Merchant Onboarding • Merchant onboarding is a critical process in the payments industry. • It involves verifying the identity and legitimacy of merchants, ensuring compliance with regulatory requirements, and establishing the merchant's ability to accept digital payments. • Merchant onboarding can be a time-consuming and costly process, requiring significant resources from PSPs, PAs, and marketplaces. • Signzy's DIY low-code merchant onboarding solution simplifies the process, making it faster and more efficient.

6. Signzy's Merchant Onboarding Solution • Signzy's solution enables PSPs, PAs, and marketplaces to onboard merchants in less than a week's time. • The solution is built on a low-code platform, allowing users to customize the onboarding process according to their specific needs. • Additionally, Signzy offers a range of API's that can be integrated into the onboarding process, including AML CFT, bank account verification, and others. • The API's enable users to build intelligent flows that can automate many of the steps involved in merchant onboarding. This can save time and reduce the risk of errors.

7. Technology • Our technology leverages cutting-edge digital identity verification techniques to ensure that the merchant onboarding process is secure and compliant. • Our API's for AML CFT and Bank account verification help to build intelligent flows on your own. Our solution also includes document verification, facial recognition, and biometric authentication to ensure the authenticity of merchants. • The entire onboarding process is done digitally, with no paperwork involved. Our solution is scalable and customizable, allowing you to adjust the onboarding process as needed.

8. About Signzy • Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium. • Signzy’s marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets. • Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks. • The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.

9. Want To Learn more? Connect With us • Visit Signzy's website at https://www.signzy.com/us/use-cases/payments/