Unlike the time-consuming traditional onboarding process, which can take several days, Sarathi offers merchants a streamlined and hassle-free experience, the company said in a statement.
1) Real-time database checks for speedier application processing.
3) It removes the field verification procedure, allowing for quick decision-making.
The paperless onboarding procedure eliminates the need for merchants to fill out documents or wait to have their PoS terminals installed, it said.
The paperless onboarding will eliminate the need for merchants to make additional visits or submit forms again.
Commenting on the development, Sanjeev Moghe, President & Head, Cards & Payments, Axis Bank, said, “Axis Bank will continue to focus on creating digital differentiators across the lifecycle of merchants and consumers. Sarathi gives us the immense potential to drive value for both merchants and the sales channel, especially at a time when instant gratification is the norm.”
“This rapidification of onboarding combined with top-notch feature-rich terminals should deliver a superior experience for our merchant community and at the same time improve productivity for our sales teams from an efficiency and productivity standpoint,” he added.