Challenge:
- The company struggled to manage the nuances of complex wallets with significant transactions volume that differed currencies.
- Ensuring the company stayed ahead of these requirements was time consuming and costly
Solution:
- Okoora’s solution solved for these pain points:
- Offered the efficiency of a network allowing the company to pull back from lack of liquidity burdens.
- Range of use cases supported (B2B, B2C) which gave flexibility to what they could offer to their customers, all through one connection to Okoora
- Offered a single point of contact in Okoora to support on expanding into additional corridors which was well received and helped to build out the proposition in both B2C and B2B.
Top tier 1
Credit Card Company
Financial institution
B2C/B2B
Top tier 1
Credit Card Company
Financial institution
B2C/B2B
Challenge:
- Used correspondent processor to make NIS cross-border payments
- Key pain points identified included:
- Lack of liquidity of Shekel conversions
- Slow payments in a number of corridors
- High costs for low value
- Lack of alternative payment options for their customers
Solution:
- Okoora’s solution helped solve for the above pain points and more:
- Offering visibility of the transaction life cycle through our API connection
- Real-time payments, delivering the speed they needed
- Low-cost solution. With the help of Okoora's infrastructure
Real Estate investment
Management Platform
Financial institution
B2C/B2B
Challenge:
- Customers exited the platform to complete basic operations such as payments through other channels.
- Revenue lost due to additional operations the customer needs to perform that aren't possible on the platform.
Solution:
- Okoora’s solution solved for these pain points :
- Wallet Management allowing the company to hold customers funds.
- Currency Conversions A new integrated value proposition.
- Outgoing & Incoming Payments A new integrated value proposition.
