About the Company
The leading used car platform was founded in 2015 to buy and sell cars. In 2021, it expanded its reach to the international market, including Thailand, Australia, and the UAE. This company has helped millions of people sell cars and served around 300 million users. It has introduced the car pricing intelligence system that makes the car buying and selling process transparent. Apart from selling cars, the company offers other services like quick loans, on-demand drivers, insurance, etc.
This company cares about the environment and encourages people to buy and sell used car. It will reduce the carbon dioxide emissions in the making of new cars.
Challenge
The leading used car marketplace faced challenges in verification, including:
- Incomplete Vehicle Ownership History: The company was facing difficulty in finding the ownership history.
- Multiple Mobile Number Verification: Many buyers and sellers use different phone numbers, which creates loopholes in verification.
- FASTag Data Access: Finding and verifying the vehicle FASTag was time-consuming.
- Challan and Footprint Validation: Difficulty in the verification of the challan details of the vehicle and history.
Fraud Incident
The company faced incidents of fraud, where tampered documents and false ownership claims caused reputational damage and financial loss.
Solution Offered By Surepass
To solve these issues, Surepass offered its advanced suite of vehicle-related APIs:
- RC Verification API: This provides the accurate registration certificate details and ensures verification accuracy.
- Challan Verification API: Surepass offers a challan check API for various Indian states and countries. It helps in the quick verification of challan details.
- RC Owner History Check API: This API provides the list of all previous owners along with phone numbers. It simplifies the vehicle owner verification process and reduces the risk of fraud and associated legal issues.
- Mobile to RC API: This API makes the verification process easier as it provides the RC details of the vehicle just with the input of the registered mobile number.
- RC to Mobile Number API: The RC to Mobile Number API provides the mobile number and other RC details just through the RC number. It helps in the cross-verification of phone numbers.
Outstanding Results After Implementation of APIs
- Fraud Prevention and enhanced verification: The leading company has seen a reduction in fraudulent vehicle sales with accurate verification of ownership and transaction details. Access to data like family linkage, FASTag history, and ownership history enhanced the verification process.
- Operational Efficiency: Automated and quick verification saves time and reduces the chances of errors. The leading used car marketplace can verify details of any vehicle in just a few clicks.
Conclusion
India’s Leading Used Car Marketplace has successfully reduced the risk of fraud and enhanced operational efficiency with the integration of Surepass APIs. The RC Verification, Challan Verification, RC Owner History, and Mobile to RC APIs give the company access to accurate ownership details, challan history, etc. Accurate data has reduced the risk of fraud, and quick verification streamlines operations.
