Global acquirer payabl. announced that it has partnered with Know Your Customer to streamline the merchant onboarding process. Fully integrating a KYC solution to the onboarding process is a good strategy to reduce the friction and delays that merchants encounter when establishing a merchant account with an acquiring processor.
Isavella Frangou, VP Sales and Marketing of payabl., commented, “Here at payabl. we recognise that our merchants’ time is precious, and prioritize offering a straightforward, frictionless onboarding experience. The collaboration between payabl. and Know Your Customer is evidence of that endeavour, and allows us to further expedite the process, helping us get new clients up and running in no time.”
Claus Christensen, CEO & Co-Founder of Know Your Customer, added, “The ability to deliver a truly seamless onboarding experience to merchants is becoming an absolute priority in the increasingly competitive payments market, both across Europe and globally. We are delighted to be working with payabl. in this area, as we share a common vision of customer-centricity powered by real-time data and deep automation across multiple business areas.”
Overview by Don Apgar, Director, Merchant Services Advisory Practice at Mercator Advisory Group