{"id":8320,"date":"2020-05-07T13:30:52","date_gmt":"2020-05-07T08:00:52","guid":{"rendered":"https:\/\/blog.payumoney.com\/?p=8320"},"modified":"2025-11-17T12:14:32","modified_gmt":"2025-11-17T06:44:32","slug":"frictionless-onboarding-with-automated-risk-evaluation","status":"publish","type":"post","link":"https:\/\/payu.in\/blog\/frictionless-onboarding-with-automated-risk-evaluation\/","title":{"rendered":"How Does Automated Risk Evaluation Enable Easy Onboarding?"},"content":{"rendered":"\n

Our aim at PayU has always been to help businesses get online and transact digitally. And onboarding, risk evaluation and underwriting<\/strong> are 3 major steps for a business to start processing online payments. Earlier, getting through all these steps required a lot of hard-work with manual documentation, checks etc. Today, it gives us immense pleasure to introduce the quickest and easiest way to \u201cGet onboard and start collecting payments in a day with PayU<\/a><\/strong>!\u201d\u00a0<\/p>\n\n\n\n

We are glad to share that PayU now offers automated merchant underwriting and risk evaluation, along with real-time onboarding – which it had offered since inception! While the industry average for end-to-end onboarding process \u2013 including activation, KYC validation, risk evaluation and settlement – is 10-15 days, the average time for PayU merchants has now come down to just 1 day!  <\/p><\/blockquote>\n\n\n\n

As pioneers in the industry, PayU is the first to introduce these unique offerings for merchants. With our advanced and cutting-edge machine learning techniques and AI-powered algorithms, merchants can now start collecting payments even faster! These technological advancements have improved speed of document processing and risk checks, based on our experience of underwriting over 3.5 lakh merchants.  <\/p>\n\n\n\n

Also, since the underwriting and risk evaluation process is more accurate, it will help in minimizing business losses and cash flow problems commonly faced by merchants.  <\/p>\n\n\n\n

Let\u2019s Understand these Features<\/strong> <\/h2>\n\n\n\n

Risk E<\/strong>valuation<\/strong>: It is vetting merchants on compliance and credibility. For instance, whether the line of business that the merchant operates in is legal or not, what is the financial health of the merchant, is the merchant equipped to serve customers, and other parameters. <\/p>\n\n\n\n

Merchant U<\/strong>nderwriting<\/strong>:<\/strong> It is one of the most challenging and complex tasks during onboarding. PayU leverages machine learning-based algorithms to underwrite merchants in real time. This is the result of our learnings and experience from underwriting more than 3.5 lakh merchants. <\/p>\n\n\n\n

Automated O<\/strong>nboarding<\/strong>:<\/strong> <\/strong>We have simplified and digitized a process which is full of hassles and very time consuming, significantly increasing merchant convenience.<\/p>\n\n\n\n

Key f<\/strong>eatures<\/strong> of Automated O<\/strong>nboarding:<\/strong> <\/h2>\n\n\n\n