Michael Gao
CEO & Co-Founder at RedotPay
Through blockchain technology and digital assets, RedotPay is building a digital asset payment infrastructure that promotes greater financial inclusion and economic opportunities for cryptocurrencies. They focus on providing convenience and security to all the users, ensuring a smooth and safe payment experience.
The Challenge
RedotPay opted for an automated verification solution like Sumsub to enhance their KYC (Know Your Customer) processes, improve compliance, and streamline user onboarding. They found their previous manual verification methods less efficient, presenting scalability and user experience challenges, prompting the search for a more effective solution.
Why Sumsub?
RedotPay selected Sumsub for its robust KYC and compliance solutions. Sumsub's features, including global coverage, real-time verification, and AI-driven technology, aligned seamlessly with the company's requirements. Their main objectives in partnering with Sumsub were to enhance the speed and accuracy of user verifications, uphold compliance with international regulations, and high levels of customer satisfaction.
The Solution
Michael Gao
CEO & Co-Founder at RedotPay
Thanks to Sumsub, our verification process has become highly efficient and automated. We leverage Sumsub's comprehensive verification system, which encompasses ID verification and liveness detection. These features have notably streamlined our KYC process, elevating security and user experience.
Implementation
The integration of Sumsub was quick and smooth, from setup to full implementation, all accomplished within days. This highlights remarkable efficiency, considering the sophistication of the technology involved.
The Results
Through Sumsub, RedotPay achieved an 90% pass rate, experiencing significant user growth, particularly in emerging markets.
Michael Gao
CEO & Co-Founder at RedotPay
Sumsub goes above and beyond by providing comprehensive aid through their dedicated online compliance team, which is accessible round the clock. Their unwavering support is instrumental in assisting us with our KYC case investigations. Furthermore, as both the data processor and service provider, Sumsub delivers a highly dynamic and customised eKYC service.
Future Plans
RedotPay aims to expand into new markets and innovate product offerings, leveraging Sumsub's scalable and adaptable KYC solutions to navigate regulatory landscapes and bolster customer trust through reliable verification processes.
