Flow in use

That's how we make credit card flow

semicircle
the Challenge

How to build a credit score?

Getting a credit card is not an option for individuals with no credit history. The same applies to individuals who have a history of bad credit. However, this stream of borrowers presented a goldmine of opportunities.

the solution

Get a secured credit card using FD and build your credit score

Lender offered a secured credit card against Fixed deposits opened by individuals with no or bad credit score. It opened up a flow of new opportunities and created new markets for secured borrowing.

the outcome

Transactions - and counting...

No. of transactions

2.2 Million

amount transacted

$22.5 Million

end point overview

Workings of YAP Credit

The journey of issuing a secured credit card

API Response

Run
                            
                                {
                                    "mti": "0200",
                                    "pan": "5088830000000037",
                                    "processingCode": "311000",
                                    "transactionAmount": "0000000000000",
                                    "settlementAmount": null,
                                    "cardHolderBillingAmount": null,
                                    "dateTimeTransaction": "0412183004",
                                    "settlementConversionRate": null,
                                    "cardholderBillingConversionRate": null,
                                    "stan": "247972",
                                    "rrn": "242772502272",
                                    "timeLocalTransaction": null,
                                    "dateLocalTransaction": "183008",
                                    "expiryDate": null,
                                    "settlementDate": null,
                                    "conversionDate":null,
                                    "mcc": "6011",
                                    "channel": null,
                                    "acquiringCountryCode": "356",
                                    "posEntryMode": "901",
                                    "cardSeqNumber": null,
                                    "pointOfServiceConditionCode": "00",
                                    "feesAmount": null,
                                    "acquiringInstitutionCode": "720397",
                                    "forwardingInstitutionCode": null,
                                    "track2Data": "5088830000000037=2100520768000000000",
                                    "authorizationIdResponse": null,
                                    "responseCode": null,
                                    "serviceConditionCode": "520",
                                    "cardAcceptorTerminalId": "TEST1234",
                                    "cardAcceptorId": "TEST12345678901",
                                    "cardAcceptorNameLocation": "M2PBANK KARTHICK TNIN",
                                    "additionalResponseData": null,
                                    "track1Data": null,
                                    "additionalData48": "051005POS010520032940560023105800500999061030000000000000000012000000000000071042103.014.161.0050000000000000000000000003560770401000000000000000000000000000000000105200",
                                    "transactionCurrencyCode": "356",
                                    "settlementCurrencyCode": null,
                                    "cardholderBillingCurrencyCode": null,
                                    "pinData": "419E0B8AAD1D2B2F0000000000000000",
                                    "additionalAmount": "9090356D000000001000",
                                    "chipData": null,
                                    "adviceReasonCode": null,
                                    "posDataCode": "5116615GA000000400051AddressAddressAddres",
                                    "privateData1BiometricData": null,
                                    "privateData2EncryptedBiometricData": null,
                                    "networkManagementCode": null,
                                    "originalDataElement": null,
                                    "fileUpdateCode": null,
                                    "replacementAmount": null,
                                    "fileName101": null,
                                    "accountIdentification1": null,
                                    "accountIdentification2": null,
                                    "reservedForPrivateUse": nullrn
                                }
                                
                            
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Payments | Wallets & cards

Go cashless
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