The E-commerce Platform: Building a Financial Ecosystem
Challenges
KwikMart wanted to increase customer loyalty and create new revenue streams beyond retail.
Offering financial services like digital wallets and credit seemed like a
logical next step, but the technical and regulatory complexity was a major barrier.
Solution
KwikMart leveraged GIT's Banking as a Service (BaaS) APIs.
They used GITcore's foundational engine as a secure, scalable ledger to manage customer wallets and balances.
For transactions, they connected to GITxprez to handle both local payments and supplier disbursements seamlessly
The Results
KwikMart successfully transformed its app from a simple storefront into a full financial ecosystem. The new wallet feature increased customer retention by 25%, and the embedded services created a significant new high-margin revenue stream.