We’re consistently updating our platform to make processes extra environment friendly for our buyers, which is how this new fee integration challenge began.
For the primary section of the brand new challenge, the crew collected buyer suggestions about what enhancements they wished to see on Mintos. The final theme of the suggestions was buyers wished a sooner, simpler manner so as to add funds to their Mintos account. After suggestions was collected and the challenge was clear, the crew performed market analysis from many angles: consumer expertise, technical, monetary, and authorized. A number of months went into determining which firm Mintos was going to be partnering with.
In the end, the crew determined that kevin was the best choice as a result of the system is predicated on open banking. Open banking is the apply of banks sharing knowledge with licensed third-party service suppliers. The information is transferred through safe Utility Programming Interfaces (APIs), which is code that enables two software program packages to speak with one another. Open banking offers larger transparency, safety, and decrease service charges to account holders.
An important standards that the crew prioritized for this challenge was consumer expertise. They wished the brand new deposit system to be straightforward for buyers to make use of. The crew’s different concerns included the pace of the fee course of, the financial institution protection, and at last, the associated fee – each monetary and within the sense of developer assets. As soon as the challenge was prepared for growth, the crew obtained excited. This challenge was a chance to enhance cash depositing on Mintos which, earlier than this challenge, had been a gradual a part of the system for buyers.