Merchant Onboarding

VENDOR ONBOARDING: HOW TASKMO HELPED A POPULAR PAYMENT AGGREGATOR AND RAMPED UP THEIR VENDOR ONBOARDING PROCESS. [Case Study] In today’s digital world and rapid increase in technology, it’s safe to say that customer needs are expanding too. Every customer today wants to shop instantly and get their products and services done within a short span of time. In order to fulfil these rising needs, several payment aggregators captured the market and helped to fulfil the needs of customers. While the main purpose of payment aggregators was to facilitate ease in transactions, the payment aggregators themselves had several limitations that barricaded their operations. We are going to look at one such popular payment aggregator that was successfully able to ramp up its operations with Taskmo. Context: Amazon Pay, one of the world’s largest payment service providers who approached Taskmo for ramping up their vendor onboarding process. Amazon Pay wanted to take advantage of the market and acquire ...

 Merchant Onboarding Process There's no doubt that the COVID-19 pandemic has led to the evolution of a cashless society paving the way for contactless transactions. A recent study conducted by Razorpay revealed that last year, the number of virtual transactions in the country rose to a whopping 383%, sounds promising enough, doesn’t it? Several fintech experts even predict that by 2024, the digital payments market in our country is sure to rise over INR 4 Trillion.    With increasing electronic transactions, it's time for payment facilitators to ramp up the process of onboarding merchants and vendors into the platform and meet the rising needs. In the last few years, there has been a steady rise in e-payments. Meanwhile, there has been a constant surge in the number of payment aggregators who have invested the need for merchants to quickly adapt to full-fledged digital transactions. If you are a payment service provider looking for an economical method to acquire merchan...

  Merchant Onboarding in India is the process in which a merchant or a vendor is onboarded to a payment platform.  In other words, merchant onboarding is the activity through which new merchants or vendors are added to a particular payment gateway system. In the present computerized world, it's all digital wallets. We are moving towards a cashless economy and this calls for merchants and vendors to raise the standards and move towards adopting digital payment systems. Given this, Merchant onboarding in India has additionally become a need of great importance. At Taskmo, we offer merchant onboarding services in India for all organisations, firms, fintech corporations , and even startups and help in onboarding merchants five times faster.  Now that we have understood the meaning of merchant onboarding, let’s quickly take a look at the benefits of merchant onboarding in India .  Today customers are demanding faster access to products and services as their needs are ev...