Safexpay unveils APIX, a RegTech platform with API solutions for SMEs

By Gloria Mathias

Safexpay, a payments platform known for its innovative digital payment solutions, introduces APIX, an integrated RegTech platform that provides a comprehensive set of API solutions within a unified framework.

The platform solutions range from banking processes to payments and document verification, catering to a diverse array of businesses. It addresses the complexities of multiple API integrations from different sources for businesses, thereby improving its operational efficiency.

With APIX, various aspects of verification for banking, payments and other utility-related functionalities are streamlined under a one-stop platform. The company aims to extend its customised API suites to over 1 lakh entities, including banks, online and offline merchants and businesses desirous of getting all verification done on one platform.

“Taking cognizance of the challenges faced by various businesses using multiple APIs and platforms, we wanted to create an integrated and simplified RegTech platform that empowers businesses. Our solution is designed to help a variety of businesses, across sectors like retail, e-commerce, and financial services to streamline their KYC verification and other allied processes,” said Ravi Gupta, Founder & CEO at Safexpay.

The platform enhances both security and compliance through a comprehensive range of document verification solutions. The Aadhaar Verification API ensures secure customer identification using OTP. APIs for verifying Driving Licenses, PAN cards, Bank Accounts, Voter IDs, and Passports are at your disposal.

The Banking APIs supported by APIX extend its reach to rural banking, enhancing financial access for underserved communities. Furthermore, APIX facilitates easier integration of APIs instead of clean documentation.

Safexpay, a Paygate India venture, is a provider of payment and banking solutions. With a global presence, Safexpay offers tailored payment gateways, payouts, and neo-banking solutions to businesses of all sizes. The company’s white-label solution enables businesses to accept and disburse payments under their own brand.