Safexpay Revolutionizes Business Operations with APIX RegTech Platform

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Safexpay Revolutionizes Business Operations with APIX RegTech Platform
04 Sep 2023
4 min read

News Synopsis

Safexpay, a globally recognized leader in digital payment solutions, is setting new standards in financial technology with the introduction of APIX, an innovative RegTech platform.

APIX offers a comprehensive suite of APIs within a unified framework, simplifying the integration of banking, payments, and document verification processes.

This groundbreaking solution addresses the complexities associated with multiple API integrations from various sources, significantly enhancing operational efficiency for businesses.

A Unified Platform for Seamless Integration

Many banks and merchants currently rely on separate platforms for PAN, Aadhaar, vendor verification, and information access, resulting in functional bottlenecks and the need to access multiple portals.

Safexpay's APIX platform eliminates these challenges by consolidating various verification aspects for banking, payments, and utility-related functionalities under a single, streamlined platform.

Empowering Diverse Businesses

Safexpay's mission is to extend its customized API suites to cater to the needs of over 1 lakh entities, including banks, online and offline merchants, and businesses seeking a one-stop solution for verification processes. APIX can efficiently process multiple verifications daily, reducing operational time by an impressive 70%.

Ravi Gupta, Founder & CEO at Safexpay, highlighted the platform's significance, stating, "Our solution is designed to assist businesses across sectors like retail, e-commerce, and financial services in streamlining their KYC verification and other related processes.

It allows businesses to concentrate on growth and innovation while we manage their RegTech requirements, ensuring operational efficiency. This results in a substantial enhancement of operational efficiency by 200-300%, emphasizing our commitment to business excellence."

Comprehensive Document Verification Solutions

APIX enhances both security and compliance through a wide range of document verification solutions. The Aadhaar Verification API ensures secure customer identification through OTP. Additionally, APIs for verifying Driving Licenses, PAN cards, Bank Accounts, Voter IDs, and Passports are readily available.

The platform also offers a secure Video KYC solution for remote customer verification. Banking APIs supported by APIX extend financial access to underserved communities in rural areas, fostering financial inclusion.

Enhanced Integration and Support

APIX can concurrently support over 25 banking and payment APIs, promoting multi-vendor partnerships, reliable bank switching, and a seamless transaction experience.

To ensure partner satisfaction, APIX provides a dedicated support desk for prompt assistance. Moreover, the platform enhances transaction accuracy by uniformly verifying bank account details, minimizing errors in fund transfers.

Safexpay's Commitment to Innovation

With APIX, Safexpay reaffirms its commitment to simplifying financial operations, enhancing compliance, and equipping businesses with the tools they need to excel in today's dynamic business landscape. This RegTech platform signifies a leap forward in operational efficiency and security, offering businesses a competitive edge.

For more information about APIX and Safexpay's extensive suite of digital payment solutions, please visit www.Safexpay.com.