The importance of coverage vs uptime for overall success and conversion rates:
- Due to the technology Stitch uses, our uptime is 99.9%.
- This is significantly higher than the industry standard which is around 80% uptime.
- Including all banks in South Africa accounts for 98% of the consumer base in the market. Stitch currently covers 95% of the consumer base.
This means that other instantEFT provider who provide coverage of all banks will only see an average conversion rate of 78.4%, whilst Stitch is able to offer 97,9% conversion rate across it’s 5 banks, including a far more reliable user experience.