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Financial Services Review | Friday, August 02, 2024
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● D24’s bespoke payments solution enables OlaClick to onboard restaurants and sub merchants automatically as the company scales globally
● The new partnership simplifies payments for restaurants and enables them to open a digital storefront and leverage social media, making them instantly more competitive
D24, the SaaS ‘deep payments’ solutions provider, today announced a strategic partnership with OlaClick, the platform for managing restaurant stock and orders, backed by Google and Meta. OlaClick’s software enables restaurants to facilitate direct-to-consumer e-commerce by providing them with point of sale (POS) and customer management (CRM) services for customers. The all-in-one system offers restaurants in Latin America a way to manage their business in a simple and economical way.
OlaClick has turned to deep payments company D24, the SaaS-based deep payments provider, to process the payments, providing restaurants with a website to upload their menu so that customers could order online. Today, there are more than 40,000 restaurants using OlaClick across more than 80 countries selling orders to the volume of $35,000,000 USD per month.
D24 created a tailored payments solution for OlaClick to support them in achieving this goal, a system that would support the company’s growth as it scaled and onboarded thousands of new customers every day in new markets. D24’s bespoke solution enables Olaclick to manage all their sub-merchants, allowing for revenue sharing and automatic onboarding. In order to streamline the process and create efficiencies at scale, the solution enables the sub-merchant or restaurant owner to become active as soon as they sign up.
“As we scale and enter new markets, we wanted to work with a payments provider that could simplify payments for our restaurants and their customers worldwide, wherever they happen to be;” explained José Rico, co-founder of OlaClick. “We chose D24 due to their hassle-free technology for fast, secure payments across borders, along with their knowledge of local markets and strong relationships across all ends of the transaction.”
D24’s deep payment solutions support 260+ payment methods across the world and are accessible through the use of a single API for seamless integration across all countries. D24 deals with the complexities and regulations for customers in all markets providing user KYC identity verification, local databases and fraud prevention, adapted to each country.
“The D24-OlaClick integration enables any restaurant to instantly become more competitive by opening a digital storefront and leveraging social media to sell meals online. This presents a huge opportunity for restaurants across the world, allowing them to sell directly to consumers;” comments Nazaria Segundo, Cross-border Payments Specialist at D24. “SaaS solutions can be replicated in many different industries presenting the opportunity for prosperous new revenue streams for any company in any industry that needs a platform or “submerchants” structure.”