01Payments
Insight
- Whenever a user requested a refund on a return, it took upwards of 8 hours for the company to send the money to their account.
- This was because the system relied on NEFT/IMPS transfers, driven by and marred with operational delays in processing requests.
Action
- With UPI rising as a reliable payment mode in the market, spotted it as a prime opportunity to improve this experience.
- Built a UPI refunds process, removing reliance on operations to manually process refunds.
Outcome
- 98% faster time to refund for customers.
- 2-point uptick in User NPS.