Case Study

Fraud Prevention at the Merchant Onboarding Stage for Payment Aggregator

How API Mall's Merchant Verification APIs help payment platforms prevent fake registrations, reduce fraud, and ensure compliant, verified merchant onboarding with real-time KYC validation.

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Client Overview

Discover how Leading Payment Platform in India transformed their business operations and achieved remarkable growth with APIMall's verification APIs.

AR

Arjun Reddy

Head of Risk & Compliance

Leading Payment Platform in India

Industry

Fintech & Payments

Location

Pan India

Company Size

120+ Employees

Solution Type

Verification APIs

Fintech & Payments

Industry Sector

500K+

API Calls

120+

Team Members

4.8 Star

Client Rating

The Challenge

Key Challenges Before Integration

Leading Payment Platform in India was facing several critical issues that were hindering their efficiency and growth.

  1. Fake Merchant Registrations

    Fraudsters used stolen or invalid PAN and GST credentials to open merchant accounts.

  2. High Chargeback & Payout Risk

    Unverified accounts led to fraudulent transactions and unrecoverable payouts.

  3. Manual KYC Verification

    Compliance teams manually verified documents, slowing onboarding and increasing human error.

The Solution

API Mall's Comprehensive Solution

By adopting API Mall's API, the client addressed these key pain points with measurable results.

  1. PAN Verification API

    Real-Time Identity Verification

    Validates PAN number, entity type, and registered name directly from NSDL to confirm the merchant's authenticity before activation.

  2. GST Verification API

    Business Authenticity Check

    Fetches business name, GSTIN status, registration date, and business type from the GSTN database to confirm legitimate business operations.

  3. Bank Account Verification API

    Instant Account Validation

    Matches account name and number combinations to ensure payout destinations belong to the verified business, preventing payout fraud.

  4. Merchant KYC API Integration

    Automated Onboarding Workflow

    All APIs are integrated into a single merchant onboarding API, automating real-time checks across PAN, GST, and banking information while maintaining complete compliance automation.

The Impact

Measurable Results After Integration

The integration of APIMall's APIs transformed Leading Payment Platform in India's operations, delivering measurable results.

75%

Reduction in Fraudulent Registrations

Real-time API verification prevented fake merchants from entering the system.

65%

Faster Merchant Onboarding

Automated verification reduced approval time from hours to minutes.

0%

Payout Failures

Bank account verification API eliminated mismatched or fraudulent account issues.

80%

Enhanced Compliance Confidence

Auditors now access fully verified digital KYC trails through API logs.

Key Benefits Recap

  • Fraud Prevention: Block fake or cloned merchant accounts instantly.
  • Real-Time KYC: Verify PAN, GST, and bank details in seconds.
  • Automated Merchant Onboarding: Streamline approval through unified API integration.
  • Compliance Automation: Stay audit-ready with verified, government-sourced data.
  • Trusted Payout Process: Ensure verified merchants receive secure, accurate payouts.
Client Feedback

Vision for the Future

Arjun Reddy shared his vision for future growth and continued partnership with API Mall.

Arjun Reddy

Head of Risk & Compliance

Leading Payment Platform in India

"API Mall's Merchant Verification APIs helped us detect and prevent fraud at the earliest stage. Merchant onboarding is now faster, compliant, and fraud-free."

Long-Term Growth with API Mall

Arjun's team plans to expand integrations with Udyam Verification and FSSAI APIs to enhance fraud prevention for food, retail, and service-based merchants.

Valued Integration Experience

The team praised API Mall's documentation, uptime reliability, and real-time data accuracy, which together strengthened compliance and improved operational trust.

Is Your Merchant Onboarding Still Vulnerable to Fraud?

API Mall's Merchant Verification APIs help payment platforms detect fraud early, verify merchant details instantly, and automate digital merchant onboarding with complete compliance confidence.

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