Beam&Go: Cuts costs by 30% with unified omnichannel customer communication

30%

reduction in cost

100%

improvement in agent response time

Challenge:

Improving customer support

Connecting over 286,000 users from Singapore, Hong Kong, the UAE, and other countries with over 8,000 locations, services, and products is a challenging task in itself. However, Beam&Go – the payment and digital marketplace that empowers migrant workers – was faced with multiple customer service challenges, including:

Long customer response time

The long customer response time resulted from agents switching between different tools and platforms to resolve their customers’ inquiries. In the end, this resulted in the agents needing to work extra hours and the inability of management to track their performance and workload.

No data centralization

The lack of proper data centralization and storage resulted in a poor customer experience. Since the data was siloed, the agents often needed to start conversations with customers from scratch.

Multiple siloed customer communication platforms

Beam&Go used different providers for different channels to perform their campaigns. Due to the inability to consolidate the tools and data into a single interface, the campaigns were not performing well, while the costs of running them were high.

The team at Beam&Go realized they needed a single provider, one that would help them deal with their multiple challenges and future proof their communication down the road.

Solution:

Single platform for omnichannel customer communication

After searching for a reliable partner, they found out that with Infobip, they can have an all-in-one platform for customer communication.

The ideal combination to address their needs was using Infobip’s cloud contact center solution, Conversations with our customer data platform People.

Conversations enabled the team at Beam&Go to quickly start using multiple channels such as Messenger, Live Chat, and WhatsApp to provide customer service to their clients.

Beam&Go used Messenger as the main channel for customers to get in touch with and receive more information about the company and its services. Live agents were then able to guide visitors to the website to register and start using the service.

Live Chat was added to their website to provide real-time support to visitors. The Beam&Go team were able to route potential customers to the right agent with the help of predefined buttons. This helped in preventing customer churn and saving time and resources.

To improve their customer experience, even more, Beam&Go also added WhatsApp to their Facebook page, allowing for quick and easy communication.

In addition to these customer service channels and their innovative implementation, they also started sending promotional campaigns through Email and Viber to generate new leads and improve sales. The customer data platform, People, helped the team at Beam&Go to segment their customers for personalized email campaigns.

Results:

Cost savings of up to 30%

Beam&Go saw multiple positive results after starting to use Infobip’s platform. Switching to a unified solution has allowed them to handle campaigns, conversations with customers, and get valuable insights from analytics and reports. By doing this, they were able to reduce services from previous providers – resulting in cost savings of up to 30%.

In addition to saving costs, using Infobip’s JIRA integration proved to be more agent-friendly and efficient – improving the marketplace’s agent response time by 100%.

With Infobip’s support and guidance and customer data platform – People, Beam&Go improved messaging and targeting on multiple channels:

  • Email: With proper customer segmentation, the email campaign open rates have improved by 22%, and the clickthrough rate has increased from 1% to 3%.
  • Viber: Promotional campaigns on Viber achieve an impressive 40% open rate – and compared to email, Viber campaigns give Beam&Go 80% higher open rates and 300% higher click-through rates.

Finally, Beam&Go significantly improved customer experience by implementing a contact center solution and an omnichannel communication strategy – using Live Chat, Messenger, and WhatsApp to help guide new and existing customers through the customer journey.

Infobip’s platform has helped us, at Beam&Go, improve our customer communications at scale. Before Infobip, our customer service processes were manual, while now, it’s more automated, cost-efficient, and user-friendly. Our customers now experience a seamless customer journey while at the same time we’ve cut costs by around 30%.

Kath Cayabyab

Marketing Team Lead

Company Profile

Beam&Go

Beam&Go is a payment and digital marketplace that empowers migrant workers by giving them control over how their remittances are spent by their families back home. They currently serve over 286,000 users – including OFWs from Singapore, Hong Kong, the UAE and more – and their beneficiaries, connecting them to over 8,000 locations, services, and products across the Philippines. On Beam&Go, an OFW can allocate a specific amount of money to a specific merchant (for example, $100 toward groceries in Supermarket ABC) – the platform then forwards a unique gift code to her chosen beneficiary (for example, husband) to spend the amount only in that category and location. By enabling migrant workers to manage the financial responsibilities of their family network, the platform addresses the issue of remittance leakage and empowers their families to better manage their finances and make responsible spending decisions for the household.

One Acre Fund: Driving 40k to 80k interactions per day through USSD Portal

40k-80k

interactions per day

Challenge

A need for better service

In 2016, One Acre Fund introduced an interactive mobile channel to use two-way SMS to communicate with farmers for non-seasonal orders on a small scale (500 to 1000 interactions).

However, the channel service provider did not offer a post-paid option to One Acre Fund, but only a prepaid model. In addition, the agricultural service provider found this provider’s level of service to be sub-par.

The limited functionality of the SMS channel also created a disconnect between the farmers and the organization.

Solution

USSD for practical, interactive communication

One Acre Fund decided to switch to a USSD solution that would offer a self-service interface for farmers to interact with.

Infobip enabled One Acre Fund, an agricultural service provider for smallholder farmers, to interact more efficiently with farmers participating in its program and cut operational costs by rolling out a USSD portal.

The choice for USSD was made based on user-friendly functionality because it’s an interactive, menu-based technology communication protocol available on every GSM-enabled mobile device. It is a session-based text communication without a store-and-forward mechanism (unlike SMS) that is practical for interactive communication, such as banking or education.

Infobip was chosen to roll out the USSD portal, and it was launched in Rwanda in December 2018 and Kenya in August 2019. Infobip added roughly nine extra services to the USSD code and typically ran a daily volume of 40 000 to 80 000 interactions.

Result

Reduced deficit, faster expansion

Since the introduction of the USSD portal, One Acre Fund has seen an increase in engagement with farmers.

The user-friendly functionality of the solution means anything a client wants or needs can be requested at a touch of a button. This helps with the paying out of loans and benefits the customers’ journey. USSD gives One Acre Fund a clear user entry point that allows it to rely less on field staff to disseminate information.

Implementing the solution will also help One Acre Fund reduce its deficit, allowing it to expand to more regions faster, with a limited donor funding growth per year. In addition, USSD has enabled the organization to move away from manual data manipulation, resulting in faster processing times with fewer overhead costs and improved customer experience. In October 2019, One Acre Fund recorded 1.3 million user sessions via the USSD portal and predicted two million for December 2019. It forecasted a volume of 40 million user sessions for 2020. One Acre Fund is also planning to trial the solution in Burundi, Tanzania and potentially Zambia and Malawi.

The choice for USSD was made based on user friendliness. We have added roughly nine extra services to the USSD code and typically run a daily volume of 40,000 to 80,000 interactions.

John Ohaga

Africa Communications Manager at One Acre Fund

Jiji Africa: Boosting eCommerce sales through Voice and SMS solution

90%

increase in delivery rates

Challenge

Transactions hampered by low delivery rates

Jiji Africa is an online marketplace in pan-African countries including Ghana, Kenya, Nigeria, Uganda and Tanzania. They needed a solution that would enable it to seamlessly send out vital transactional information to buyers and sellers that use Jiji’s platform to exchange goods.

According to Jiji’s Head of Africa, Yuliy Shenfeld, the business experienced delivery rate challenges with their previous SMS service provider. Not all transactional messages relating to registrations on their platform and enquiries about advertised items reached their customers.

Solution

Reliable and stable SMS and Voice solution

Looking at their customers’ current channel preference, Jiji Africa knew SMS and Voice were the right solution, and Infobip the perfect partner to provide it. When it comes to any transactional traffic, the service’s reliability and stability is crucial, which is something that Infobip could secure for its clients.

It was vital for Jiji to receive support from local experts and ensure that their subsidiaries – in Kenya and Ghana –benefitted from a dedicated Customer Success Manager that takes care of their needs and ensures that local regulations are followed.

Result

Major cost reduction and 90% increase in delivery rates

The implementation of Infobip’s Voice and SMS service enabled Jiji to lower their costs by almost tenfold, while its delivery rates improved to over 90%. The improved delivery rate can be ascribed to Infobip’s direct connections to carriers.

Jiji benefits from a reliable service because Infobip has a local presence. This contributes to high delivery rates for their customers and allows Jiji to provide its customers have a seamless experience.

Infobip has a deep understanding of Jiji’s business model, enabling the service provider to serve as advisors and consultants as its business and customer needs expand. Jiji also benefitted from 24/7 technical support and a dedicated CSM looking after them and their business.

As an omnichannel solution provider and a consultant to Jiji, Infobip can support them with any new projects and the enablement of communication solutions that may come along on their digital journey as the needs of their customers evolve.

We have benefitted from a reliable service, because Infobip offers direct connections to carriers, which ensures high delivery rates for our customers. This is obviously very important for our end users in terms of transactional traffic and allows us to ensure that they have a seamless experience,

Yuliy Shenfeld

Jiji Head of Africa

Company Profile

Jiji

Jiji Africa is an online marketplace in pan-African countries, including Ghana, Kenya, Nigeria, Uganda and Tanzania. The company was established six years ago and acquired OLX’s business in Nigeria, Kenya, Ghana, Tanzania and Uganda in 2019. It currently has between 12 million and 15 million active buyers and a range of between 200 000 and 250 000 sellers.

HFC bank: Adopting WhatsApp Business Platform to extract maximum value from its digital banking platform

Challenge:

Increasing the number of transactions per customer

With the launch of its digital banking platform dubbed HF Whizz, HFC set its target segment as college and university students (aged 18-24) and micro-entrepreneurs.

Most customers in this segment were mainly interested in instant loans, short-term credit, and other small-value transactions. However, they lacked financial education about repaying these loans on time, or at all, posing a significant hurdle for HFC.

When launching HF Whizz, the company wanted to find a way to offer a broader range of services to its customers through its digital banking platform.

While its customer engagement was conducted mainly via email, SMS, USSD and WhatsApp channels, it sought to understand better the customers who utilized its digital banking platform. They also sought more ways of increasing the number of transactions per customer and the range of products and services they were typically using.

The bank determined that it needed a commonly used platform to share information with this younger customer demographic. At the same time, it also realized that it could leverage its digital banking platform to tap into its existing customer base to upsell its products and services.

Solution:

Whatsapp Business Platform for instant, personalized engagement

In 2018, HFC defined its digital strategy and established its requirements through a consultative effort involving cross-functional internal teams and an external consultant. They identified the WhatsApp Business Platform, coupled with a two-way SMS to complement its USSD and App platforms as the ideal solutions for their needs.

The solution would have to be agile to implement and customizable in a short time. It also needed to offer flexibility in terms of innovation and pricing and have simple Application Programming Interfaces (APIs) that HFC could connect to.

Most importantly, the bank sought a partner to provide 24-hour support and a designated team to implement the project.

After issuing requests for proposals, Infobip was chosen as the successful bidder, based its willingness to fully understand HFC’s vision and its ability to provide a technology solution that met all the bank’s requirements.

Result:

More customer interactions

To subscribe to this service, customers are required to save the bank’s WhatsApp phone number – meaning access to the chat is granted on an individual and personalized basis.

Infobip’s solution has been a huge game-changer that has enabled the bank to have more customer interactions.

The customer journey has changed entirely, and they are happy that Infobip understood their vision and delivered on their requirements.

The Whatsapp Business Platform provided by Infobip has been a huge game-changer that has enabled us to have more customer interactions. The customer journey has changed completely, and we are happy that Infobip understood our vision and delivered on our requirements.

Rose Muturi

Chief Digital Officer at HF Group

Company profile

Housing Finance Company Limited (HFC)

Housing Finance Company Limited (HFC Limited), commonly referred to as Housing Finance, is a leading mortgage finance provider headquartered in Nairobi, Kenya.

HFC targets predominantly emerging affluent, high net worth, middle and upper-middle-income customers and services a client base of approximately 300,000.

Eat’N’Go: Staying connected to customers with SMS

Challenge:

Low ROI due to lack of messaging performance insights

Eat’N’Go Limited is a Nigeria-based quick service restaurant (QSR) group that is the lead franchisee for three well-known US fast food brands: Domino’s Pizza, Cold Stone Creamery, and Pinkberry Frozen Yogurt. Since starting operations in the West African country in 2012, the group has seen continuous growth, making it one of Nigeria’s fastest-growing companies.

The business traditionally leveraged various communication channels for direct marketing purposes. The business primarily used SMS to send promotional messages to its two million customers – aiming to increase in-store conversions and sales.

They realized it had very little information about individual customers. They also had no insight into its SMS messaging delivery rate and saw a low conversion rate with the number of messages it was sending. This drove up costs, resulting in a low Return on Investment (ROI). The group acknowledged it would need to deploy a better communication platform to address these issues, which ultimately negatively impacted its revenue and bottom line.

Solution:

Personalized SMS to convert more customers

The company consulted widely to determine which technology company could deliver a solution to address its challenges. The consensus was that Infobip Africa would be the best choice.

Infobip’s proposal included a successful trial of its SMS solution that ran for several weeks. It was delivered to Eat’N’Go in 2015, which immediately addressed many of their identified challenges.

Most significantly, Eat’N’Go realized that of the two million messages it sent to its customer base, it only saw a 50% delivery rate – an expensive and inefficient exercise. By providing more significant insights into the behavior and preferences of the customer base, they could now send personalized SMS via Infobip to target customers who were more likely to result in conversions.

After some time, Eat’N’Go decided to improve its messaging platform even further, and Infobip Africa was again contracted to deploy a complete CRM system with SMS capabilities in 2019. This provided even deeper segmentation and insight into Eat’N’Go’s customer base, allowing the group to send personalised offers and promotional messages aligned to individual customers’ preferences and spending habits.

Result:

Better conversion rates and improved ROI with SMS

The CRM system and SMS for Business platform transformed how Eat’N’Go communicates with customers, resulting in better conversion rates, improved ROI and lower costs.

It also provided an improved customer experience through relevant messaging aligned with each customer’s unique preferences. Ultimately, the solution helped Eat’N’Go achieve its goals to boost revenue and profitability.

This has been a game-changer for us. Infobip’s SMS solution not only improved our communication with our customers, but it also helped boost the overall performance of the company.

Ilyas Kazeem

Marketing Director at Eat’N’Go.

Company profile

Eat’n’Go

Eat’n’Go is a restaurant group dedicated to bringing the best food and beverage brands and concepts to Africa.

Ubongo: Edutaining kids with Whatsapp Business API powered by Answers

Challenge

Mitigating Covid-19’s devastating effect on African schools

Ubongo is Africa’s largest multi-platform classroom, with a reach of 17 million households via television and radio. They create and deliver educational entertainment via TV, radio and digital to millions of kids across Africa to help them learn and leverage their learning.

Before the pandemic, Africa’s school enrolment rate was above 80%. The rise of Covid-19 had a devastating effect on this rate, with 226 million learners unable to go to school. During this time, Ubongo received an increasing number of requests for more support – especially from parents who faced the challenge of homeschooling their kids.

Increasing showtimes on TV and radio met some of the demand, but it became clear that there was an increasing need for on-demand content and support. Many parents were asking for content to be sent via Whatsapp because it’s data-friendly and available on any smartphone.

Ubongo also wanted their students to delve deeper into their content through a value-adding digital platform, chat apps and social media channels.

Solution

Utilizing Answers for on-demand support

Ubongo recognized an opportunity to engage with its target market via Answers, our customizable chatbot building platform. It met their criteria, being price, ease of use, functionalities available and technical support. By utilizing Whatsapp Business API in combination with Answers, Ubongo could provide always on customer support through the most popular messaging service on the continent and leverage reach and low data costs.

Ubongo could chat with their customers in three different languages, English, Swahili and Hausa. Getting content was as simple as chatting with a friend. All they needed to do was was say ‘Hi’ to to the officieal Ubongo Whatsapp account.

Users were then offered various options, ranging from language options, TV showtimes to videos.

Result

Increased adoption of educational content via Whatsapp, anywhere, anytime

The implementation of Infobip’s Answers solution enabled Ubongo to stay true to its commitment to support kids on their educational journey. Their continued efforts to maintain their reach and serve their market during the pandemic were recognized by the New York Times, Al Jazeera and Reuters.

Through Whatsapp Business API, users could access content on-demand and download it, so it’s available offline.

Within two months since implementation, Ubongo could already see positive results. In what they describe as a first for the company, end-users from different channels can seamlessly and consistently connect into a single digital channel.

Infobip’s solution also enables Ubongo to push content for free downloads directly to their end-users. And for those who still prefer to access Ubongo’s content on conventional platforms like television, users can access a digital TV guide to ensure they don’t miss it.

They can also measure the success of this new strategy thanks to the feedback functionality of the chatbot.

“We will use the chatbot built by Answers over WhatsApp to encourage smartphone users to essentially be champions of Ubongo and share our content with kids and parents who otherwise wouldn’t have access to it.”

Stephen Boustred

Head of digital products at Ubongo

Company profile

Ubongo

Ubongo, Africa’s leading edutainment company. They create fun, localized and multi-platform educational media that reaches millions of families through accessible technologies. 

Solidaridad: Increased reach with Voice communication

30K

Cocoa farmers reached

5K

Oil palm farmers reached

1K

Miners reached

Challenge

Providing training and other relevant information to farmers, miners, and other producers

Solidaridad wanted to reach more farmers, miners, and other producers that were a part of its program beneficiaries. To do this, the company looked to move communications to digital channels. However, most beneficiaries of their programs do not have access to smartphones. Their research indicates that the best way to communicate is through voice-based technology since over 90% of their program beneficiaries have access to basic and feature phones.

Solidaridad was looking for a reliable voice-based solutions provider that would enable them to provide training and other relevant information in an efficient and economical way.

Solution

Text-to-speech calls powered by Infobip Voice

After conducting some research on potential voice-based communication providers, Solidaridad decided to adopt Infobip’s Voice solution to connect with program beneficiaries using text-to-speech calls. This enables the organization to pre-record audio that is sent to its program beneficiaries in the form of a phone call.

Solidaridad uses text-to-speech calls to provide training, conduct post-training assessments to reinforce learning, and share other relevant information related to cocoa farming, oil palm farming, gold mining, and more. The voice technology also enables the organization to bridge language, distance, and literacy gaps across the five countries it operates in within the West African region.

Result

Connected with 36,000+ farmers and miners

After implementing voice-based communications through Infobip, Solidaridad has reached 30,248 cocoa farmers and 5,486 oil palm farmers across five countries, and 1,066 miners in Ghana alone. Farmers and Miners now receive training and other useful information on time – helping them improve their farming and mining practices.

Solidaridad's reach with voice-based communications

In addition, Infobip’s solution has proved to be an efficient, cost-effective way of communicating – and Solidaridad looks to expand its communications mix in the future.

Infobip’s Voice solution has been crucial in helping us move our communications to digital channels. As a result, we’ve been able to reach over 30,000 cocoa farmers and over 5,000 oil palm farmers across five countries, as well as over 1,000 miners in Ghana alone.

Abdul Basit Ahmed

Head, Digital Innovations at Solidaridad West Africa

Company Profile

Solidaridad

Solidaridad is an International Civil Society organization with over 50 years of experience in developing socially responsible, ecologically sound, and profitable supply chains. They work to make communities more resilient, with almost 1000 staff in over 40 countries worldwide, and to create fair and sustainable supply chains. They enable farmers, miners, and other producers to earn a decent income, shape their own future, and produce in balance with nature.

Mahindra Auto: Increased operational efficiency by 30% with WhatsApp

30%

increase in operational efficiency

Challenge

Delivering critical information in real-time

Mahindra Auto always looks for ways to enhance the automotive experience. At the forefront of the car purchasing journey stand Mahindra Auto’s car dealers, and a part of providing a great car buying experience for customers is delivering key information on time.

Until recently, Mahindra Auto car dealers had to endure a lengthy process to obtain information that would help buyers choose the right car and complete their purchase. This amount of time and touchpoints resulted in frustration..

To improve the experience for its car dealers, Mahindra Auto was looking for an easy-to-use solution to deliver real-time information that would help them plan and track funds and inventory.

Solution

Implementing WhatsApp as a new communication channel

Since WhatsApp is one of the most popular communication channels in the region, Mahindra Auto decided to implement it as a new communication channel for its car dealers. With Infobip, the automotive company was up and running with WhatsApp Business API within 24 hours.

Mahindra Auto then decided to automate its communication by syncing its new WhatsApp account to the company’s existing chatbot. The chatbot serves as a self-service model for car dealers to filter through information and receive exactly what they need in minutes. Through keywords, car dealers can provide the chatbot with information to generate PDFs with specific information.

WhatsApp’s end-to-end encryption and instant messaging feel ensure car dealers receive information in a secure, fast, and easy way.

Result

Increased operational efficiency by 30%

Mahindra Auto saw immediate improvements after implementing WhatsApp as a new communication channel.

The self-service model has relieved pressure from office executives since car dealers can now get information on their own – especially during the pandemic. It has also improved inventory and funds planning for car dealers and has reduced operational workforce efforts by 30% across all offices.

image representing a 30% increase in operational efficiency

Mahindra Auto is also satisfied with the fast development and deployment – and is happy to have a scalable solution that can meet changing behaviors and needs. The automotive company looks forward to using new features and channels in the future.

Infobip helped us set up WhatsApp as a new communication channel for our car dealers within 24 hours – from development to deployment and rollout. The solution helped us increase operational efficiency by 30%, and our car dealers are happy with their self-service model. We look forward to using more features and channels in the future.

Abhishek Sukhwal

Head of Emerging Technologies COE at Mahindra Group

DinarPAY: Expanded customer base by 50% with WhatsApp and SMS

50%

growth in customer base

70%

success ratio in resolving queries

40K

customers served

Challenge

Lack of communication channels led to limited reach

In a world where cash payments are on the decline, market demand for DinarPAY’s mobile wallet service has been steadily increasing. What’s more, The Central Bank of Libya has recently considered regulating DinarPAY for its Mobile Wallet License, resulting in a huge expansion to the company’s customer base and the number of mobile payments it can process, as well as participating in the processing of $9 billion market transaction volume.

Until the summer of 2020, DinarPAY had been relying solely on SMS updates to communicate with customers, which meant it was unable to reach customers in certain countries. DinarPAY needed to ensure it could connect with existing and new customers quickly and reliably, no matter where they are in the world and what channel they are using.

Solution

Introducing WhatsApp as a new communication channel for banking updates and authentication

In many of DinarPAY’s key markets across the Middle East and North Africa, WhatsApp has become the main channel of choice for communication. In fact, since March 2020, which marked the start of the global COVID-19 pandemic, WhatsApp’s customer base has grown 50%. Customers want to connect with businesses on a familiar platform that is fast and reliable.

DinarPAY chose Infobip as a technology partner to continue its SMS communications, as well as to employ its WhatsApp Business Platform solution – opening the door for better communication and engagement with those countries where SMS contact wasn’t possible.

This broader reach means every customer across DinarPAY’s operations in Libya and Tunisia receives real-time notifications about account updates and transactions, as well as security reminders and two-factor authentication to verify payments.

Customers can also register for a DinarPAY account via WhatsApp, which offers a simpler alternative to SMS. All they need to do is switch their security notification channel to their registered WhatsApp Account.

Another notable benefit of WhatsApp is the all-important verified tick to reassure customers that the service is verified. It also links through to DinarPAY’s website and contact page, enabling quick transition from app to website.

Result

Expanded customer base by 50%

By adding Infobip’s WhatsApp Business API solution into its customer communications mix, DinarPAY has been able to connect with thousands of customers worldwide, increasing its efficiency in serving customers.

Since its launch in October 2020, WhatsApp has helped DinarPAY serve over 40,000 customers, expand its customer base by 50%, and deliver a 70% success ratio in handling customer queries.

DinarPAY expanded customer base by 50%
DinarPAY expanded customer base by 50%

As the service evolves, DinarPAY will look to use WhatsApp to manage C2C transactions, instant inquiry services, and eKYC verification processes.

Pairing WhatsApp with SMS has given us full coverage when sending requests and notifications. As a result, we’ve grown our customer base by 50% and have a 70% success ratio in resolving customer queries. It’s important for us to be where our customers are, and that’s exactly what Infobip helps us do.

Moad Alhashmi

Sales & Marketing Director at DinarPAY

Company Profile

DinarPAY

DinarPAY was founded in 2019 as a cloud-based, cashless payment gateway platform. It offers customers multi-currency virtual cards and real-time authorization of debit cards, as well as the option for consumers to pay with, transfer and top up funds in Dinar Currency (a monetary unit used in several Middle Eastern countries) via a dedicated mobile wallet. Its solutions also mean merchants can use mobile applications as a point of sale to process digital payments through its DinarPAY platform.

Juros Baixos: Increased marketing margin by 18% with Moments

18%

increase in marketing margin

Challenge

Siloed systems led to lack of automation and long wait times

As one of the leading online financial product marketplaces in Brazil, Juros Baixos was looking for an efficient way to create message flows and sequential campaigns that would guide customers through its multi-step loan approval process. Juros Baixos has over 30 financial product providers as a part of its platform, and each have specific processes which demand tailored messaging.

After trying a variety of CRM system providers, Juros Baixos still didn’t have one central platform that could connect all 30 messaging systems to the main marketplace system – and had minimum SMS automation capabilities. As a result, wait time for customers that were being transferred from one system to another often lasted up to 24 hours, and Juros Baixos didn’t have clear overall insight into the performance of its marketing efforts.

Juros Baixos wanted one central hub to connect all its messaging systems and help automate communication over both SMS and email to improve responsiveness. The financial product marketplace provider also wanted to access analytics and performance overviews from the same tool to track the impact marketing efforts have on overall revenue.

Solution

Centralizing different messaging systems and automating customer communication with Moments

Juros Baixos found out about Infobip’s omnichannel customer engagement solution, Moments, and decided to become one of the first companies to take part in the Beta phase, using it to:

  • lower loan request form abandonment 
  • simplify the onboarding process 
  • create event-based messages 
  • improve messaging responsiveness

Customers who fill out the loan request form through the Juros Baixos website trigger the main message flow and receive an SMS message with information about the loan approval process, as well as easy access to offers.

Once the customer chooses to continue with the hiring process of a specific financial product provider, Juros Baixos sends tailored messages through Moments which outline the customer’s next steps.

When the customer signs and returns the corresponding documents, they have successfully completed the loan approval and onboarding processes.

Result

Increased marketing margin by 18%

Using Moments improved Juros Baixos’ responsiveness to customers and gave them more control over messaging flows. As a result, the company’s marketing margin increased by 18%.

In addition, having both communication channels connected to one central hub gives Juros Baixos in-depth insight into how specific marketplace users interact with the messages they receive – and the company has access to analytics to help make data-driven decisions.

Moments is an easy-to-use solution that helped us improve our responsiveness to customers and have tailored communication for every marketplace partner. Since we started using Moments, our marketing margin has increased by 18%. We are currently using email and SMS to communicate with our customers, however we plan on adding more channels to our communications mix soon.

Arthur Bonzi

Juros Baixos COO and Co-founder

Company Profile

Juros Baixos

Juros Baixos is a financial products marketplace with a large presence in the Brazilian online loan market. Their clients are adults from the middle to lower classes and mainly people who are looking to borrow money to invest in education, business, or to refinance debt. They partner with 30 financial institutions and fintechs to offer pre-approved loans to their clients.