Case Study: PandaPay lifts merchant auto-approval rates to nearly 70% with Nuvei
Key results
The challenge
For SMB payment providers, lengthy onboarding and manual underwriting slow merchant activation, delay revenue, and create friction early in the customer relationship. PandaPay needed to significantly increase merchant auto-approval rates while maintaining risk controls and delivering a seamless onboarding experience.
The solution
Building on its long-standing partnership with Nuvei, PandaPay developed a custom payments stack on top of Nuvei's platform, using Nuvei's AI-powered onboarding and authorization capabilities to enable automated merchant underwriting, same-day onboarding from signature to approval, and faster activation without added operational complexity.
The results, in context
PandaPay increased merchant auto-approval rates to nearly 70% while maintaining risk controls, according to Nuvei's published case study.