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A report released at the logistic fair LogiMAT India estimates that the Indian freight and logistics market will grow at 8.8 per cent annually to USD 484.43 billion by 2029 from USD 317.26 billion in 2024 due to technological advancement.
A market predominantly propelled by the demand for quick delivery and minimal shipping expenses by the post-pandemic e-commerce boom has witnessed the integration of cutting-edge technologies and advancements in intralogistics, automation, warehousing, and transportation management.
A transition from being an enabler of the e-commerce ecosystem to being the differentiator that acts as the central hub, taking care of important tasks such as shipping, warehousing, stock management, and order fulfilment, has brought multiple logistic businesses to the forefront.
One such player is our customer Pickrr, an end-to-end SAAS-based logistics solution that is completely revolutionising the way a business vendor ships a product to his/her customer anywhere in the world.
Let’s see how.
What is Pickrr?
Established in 2015, Pickrr provides a virtual courier service for the logistics requirements of e-commerce sellers, resellers, online sellers, SMEs, and Brands that want a better shipping experience. In terms of benefits here are the few benefits businesses get in terms of technology by registering with Pickrr:
- Plugin/API integration with all major channels such as Shopify, Magento, Unicommerce, Woocomerce etc
- Full Analytics across all couriers
- Intelligent courier allocation
- Automatic NDR panel
- Weight reconciliation tool – Eliminate overcharging errors
- Full on call key account manager support without order commitment.
- Real-time customisable tracking page
- COD/Invoicing solution with future cash flow prediction
How does Pickrr work?
Pickrr helps businesses focus on growth by optimising and streamlining order fulfilment. It acts as the singular touchpoint between your business and 20+ carriers, so you can manage your orders faster and more efficiently.
Pickrr also provides businesses with a lightning-fast checkout experience with its marquee product, Fastrr, an AI-powered checkout solution that reduces fraud and wrong address-related issues by 50%. The solution harnesses over 100 data points, allowing sellers to have better data analytics based on consumers’ purchasing patterns and payment modes to mitigate the issue of cart abandonment.
Backed by over six years of shipping data curated by Pickrr, Fastrr enables a speedy and secure checkout experience with more than 90% EDD accuracy. It leverages the data from Pickrr Predict to analyze pin codes that have higher-order return chances, reducing sellers’ RTO by 30%. Fastrr’s OTP log-in process eliminates the need to manually fill out long forms, thus expediting the checkout up to 70% faster with zero hassle.
How did Decentro empower Pickrr?
Fastrr by Pickrr features a complete checkout architecture that gives customers the convenience of pre-paid as a mode of payment.
To enable the prepaid leg of the checkout experience, Pickrr needed a banking and infrastructure partner who not only understood the complexities of the heavily regulated finance sector but also helped streamline its collection services, ensuring transparency and control while maintaining transaction speed.
Decentro’s API product suite, centred around UPI payouts, enabled Fastrr to offer a smooth payment flow and eliminate any reconciliation hassle.
Un-interrupted UPI capabilities
By leveraging the UPI payout suite, businesses associated with Pickrr will get instant access to UPI capabilities which they can use to make payments instantly.
80%+ Cost Reduction & Instant Settlements
Direct bank transfers ensured an 80%+ reduction in cost compared to traditional payment gateways. In addition, Faster by Pickrr removed delayed settlements entirely by controlling their money flow directly and having visibility in real time on the status.
Decentro’s UPI collection stack has been a game-changer for our company, transforming our payment processing and significantly improving our customer experience. The detailed documentation and robust support have boosted our operational efficiency by 3X, leading to a 30% reduction in customer drop-offs. This is a testament to the seamless collection flow that gets integrated when you choose Decentro’s APIs for your collection needs.
Manuj Mundra, Product Leader – Pickrr
What were the critical outcomes for Pickrr?
Decentro’s robust APIs have allowed Pickrr to drive the following results:
- Boosting Operational Efficiency by 3X
- 30% Reduction in Customer Drop-off
- 10X faster integration timelines
- Decentro’s multi-channel customer support for any problem resolution
In Conclusion,
True financial freedom is about frictionless money flow, enabled by a robust infrastructure that allows you to minimise costs and supports your scale. With Decentro’s infrastructure, Pickrr boosted its payment stack and enhanced its operational capabilities.
Along with Pickrr, we’ve enabled many customers such as Dvara Money, Galgal, Zoozle, Volopay and more to empower their users to break free from the limitations that come with a cumbersome money flow journey deployed for the business’s collection needs.
Our host of features under the Flow module allows our customers to execute end-to-end payment journeys via robust APIs and SDKs. With compliance and efficiency being our promise, feel free to reach out if your business wants to solve a use case involving anything linked to banking.
It is time for you to join us and explore a world where we help your business move 𝐁𝐞𝐲𝐨𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬.
