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Merchant Onboarding Services For Fintech

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Santosh T
Merchant Onboarding Services For Fintech

Technology innovations and trends have brought a significant change in financial technology or the Fintech industry. There has been a drastic change in how customers engage their money with financial organizations and banks to manage their money. 


According to a study, the Fintech Industry will be worth $26.5 trillion by the end of 2022. The need for loans, insurance, and investment interest will drive this growth. However, constant automation and implementation of products and services is a challenge disgracing the development and hampering the improvement and revenue.


Apart from these challenges, there is a critical responsibility that the fintech industry should ensure and be up-to-date with, i.e., Merchant onboarding


But why is merchant Onboarding important for Fintech companies?


Merchant onboarding is essential for all industries. A typical mobile app uses 24% of all apps in one use. Hence it is necessary to show that your app is valuable to the customer.


Relying just on customer acquisition will doom the chance of growth. Merchant onboarding delivers 25x more new users than retaining and existing ones. Merchant onboarding or partner onboarding also maximizes the use of your fintech product and services, maintaining the competitive edges. 


What are the advantages of Taskmo as your partner in Merchant Onboarding?


The simple answer is to provide them with a personalized experience from the moment they hear about your app. The most critical step of client onboarding is to build trust. Fintech companies operate with legal processes of vendor onboarding such as KYC that need to be free of malicious actions. Task make sure to get the users registered with complete verification and brand trust. 


Top 4 advantages of Merchant Onboarding for Fintech include:


1) Instant Deployment


One of the benefits of working in Taskmo is the rapid transfer of executives into the workforce in a quick method. Our team of experts will take away the headaches of hiring and deploying trustworthy executives within a short turnaround time. 


2) Access to 5000+ Pincodes

 

With Taskmo, you will be able to reduce the overhead costs. We have access to over 5000+ pin codes that span different regions across the country, and we can meet all of the requirements for staffing and recruitment direct to the area you work.


3) AI-Powered Training


With Taskmo, it is possible to discover the ideal task-person for the Task. However, it doesn't stop there. The specialists go one step further and ensure that all executive members can complete the task and are digitally trained in line with the job requirements. Contrary to other agencies that offer executives who lack the expertise to meet the task, all our managers have been rigorously educated and tested using Taskmo's AI-powered platform, ensuring that the outcomes are reliable and acceptable.


4) Outcome-based pay Structure


It's not a surprise that workers on gigs get paid following the job they complete. At Taskmo, we believe in "pay for work," The executive's salary is based on the number of days, hours, weeks, or months involved in the execution of the job. The Outcome-based pay structure will aid companies in reducing their costs significantly and being flexible in their financial plans with various payment gateways


Final Thoughts:


While the Fintech industry is all set to lure the start-ups and general people, it's the customer's choice on how vast they can make it. Ultimately, the customer holds all the power. 

 

Trust will increase the download numbers and convert prospects into loyal customers. The onboarding process opens the door to the actual market where the customer is ultimate supremacy. Taskmo helps to build trust and value through the customer-focused approach. Our taskers make sure to keep companies more engaged with the customers, covering all the bases that hold customers

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Santosh T
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