Vesicash
Vesicash improves customer intimacy through embedded finance
Vesicash improves customer intimacy through embedded finance
The Situation
The need to improve the user experience such that a simpler workflow can be provisioned for simple transactions e.g. Instagram merchants. Vesicash also sought to repackage the product for third-party distribution.
The OnePipe Solution
The activation of a special seller bank account which buyers transfer payments into, also the provisioning of a unique code which both seller and buyer dial after product/service has been delivered, to request for/authorize payment respectively when delivery has been made. The aforementioned flow is powered by a suite of APIs from partner banks that facilitate notifications, transfers etc.
Vesicash owns a patented escrow infrastructure focused at catalysing the digital economy in developing markets by creating the requisite environment for safe and accountable transactions. Essentially, Veiscash seeks to manage the trust deficit between buyers and sellers by introducing an escrow mechanism whereby buyers make payment to sellers through Vesicash, who transparently lets the sellers know that money has been received but holds the money in escrow till the goods or service has been delivered satisfactorily.
The Situation
The need to improve the user experience such that a simpler workflow can be provisioned for simple transactions e.g. Instagram merchants. Vesicash also sought to repackage the product for third-party distribution.
The OnePipe Solution
The activation of a special seller bank account which buyers transfer payments into, also the provisioning of a unique code which both seller and buyer dial after product/service has been delivered, to request for/authorize payment respectively when delivery has been made. The aforementioned flow is powered by a suite of APIs from partner banks that facilitate notifications, transfers etc.
The Outcome
An infrastructure – light solution that fits perfectly into Vesicash’s existing business flow and a seamless customer experience.