03

May

Adoption of 160 Series in the BFSI Sector for Transactional Calls

The Indian BFSI sector has seen rapid changes in communication practices, driven by the urgent need to protect customers from financial fraud. TRAI has been at the forefront of these changes, actively promoting awareness about fraudulent practices and implementing stricter guidelines to safeguard consumers and their hard-earned money. As part of these efforts, TRAI has introduced strict guidelines for promotional communication and unsolicited commercial communication (UCC). Understanding the unique needs of banks and other regulated financial entities, new regulations have also been implemented for SMS and voice calls. Among the most significant developments is the rollout of the 140 and 160 number series, designed to enable secure, identifiable, and regulator-approved messaging for transactional and service-related communication. People working in the telecom and CPaaS (Communications Platform as a Service) industries are already well-versed with these changes and are proactively informing their clients, particularly in banking, insurance, and SEBI-regulated sectors, about how the new guidelines will impact their operations and customer outreach. Read this detailed article to understand how these changes are impacting the BFSI industry and communication solution providers.

Why Compliance Matters for BFSI Entities and How 160 Series Can be Helpful

Avoid Compliance and Legal Risks – By implementing the appropriate number series as per TRAI and RBI guidelines, businesses showcase a commitment to regulatory compliance, avoiding potential penalties and legal issues in the future, safe guarding the organization's reputation.​

Enhanced Customer Trust - By proactively informing customers about these regulatory changes, banks and financial entities not only streamline their operations but also demonstrate a commitment to safeguarding customer interests. This helps enhance customer trust and satisfaction.

Reduced Spam and Fraudulent Calls - The implementation of the 1600 series, along with measures like the Distributed Ledger Technology (DLT) platform registration, helps in curbing spam and fraudulent calls by offering a measure of tracking RE (Regulated entities), ensuring that customers receive only legitimate communications.​

Operational Efficiency - Using the 160 number series streamlines communication processes, ensuring that important messages reach customers promptly without being mistaken as spam or promotional content.​ Also, timely adoption of 160 series will make the business avoid risk of non-compliance or blacklisting.

Competitive Advantage - Early adoption of the 160 series will position your organization as a leader in secure and compliant communication practices. By proactively aligning with regulatory standards, you not only mitigate risks but also demonstrate a commitment to transparency and customer trust.

Conclusion,

In conclusion, we can say that the adoption of 160 series will demonstrate your organization as a market leader that prioritizes security and reliability. By partnering with Go2Market, a VNO license holder offering cloud-based telephony solutions, you can ensure seamless integration of the 160 series into your communication strategy, maintaining compliance and enhancing customer confidence. setting you apart from competitors and building a credible brand image in customers' minds.​ Implementing compliant communication systems, such as the 140 and 160 series, enables BFSI companies to deliver secure and transparent communication, building greater customer confidence. By proactively informing clients about these regulatory changes, banks and financial entities not only streamline their operations but also demonstrate a commitment to safeguarding customer interests. This approach enhances trust and satisfaction, as customers feel more secure knowing that their financial service providers prioritize compliance and clear communication. Also, these new numbers will help customers differentiate spam calls from genuine bank calls and feel secure. To get more information about how you can get the 160 series for your business and what the process of procurement of 1600 series is, connect with go2market at 8595080808 or visit us at www.go2market.in .

How WhatsApp Business API Solution is Used for Customer Engagement & Marketing Strategy

 

Many businesses use smart solutions to ensure quick connectivity and enhanced business communication through multiple channels, using multiple channels like SMS, email and WhatsApp Business API for business communication and customer engagement. Using multiple channels to connect with customers is like an investment rather than an expense. These days there are lots of businesses offering the same product or services and ensuring your brand is the one that stays on top of the minds of customers. It's important to use a smart strategy for customer engagement and marketing. Create a unique identity for your brand by making it available on the WhatsApp platform, which is the most used platform across the globe. Gone are the days when connecting with a business directly was a long process, these days businesses are working rigorously to maintain their digital presence, businesses are available on social media and other platforms and customers can connect with them directly using these social media platforms. WhatsApp is a popular platform used by people across the world.

Understanding the potential of WhatsApp for customer engagement, Meta has started the WhatsApp Business API solution that allows businesses and brands to create an authentic business profile to allow customers 24/7 access to their products/services, businesses can implement a simple chatbot that greets customers and their queries and guides them. The reason WhatsApp is being used for business communication and marketing is because WhatsApp is one of the most-used messaging platforms in India, with millions of users checking it frequently. Businesses are shifting towards WhatsApp because of higher open rates compared to emails and Bulk SMS. Unlike traditional SMS Services, WhatsApp allows multimedia messages, quick responses, and automation via chatbots. Read our detailed blog to know more about the benefits of adding WhatsApp Business API solution to your business communication strategy.

Powerful Features of WhatsApp Business API Solution that Helps Businesses with Customer Engagement

Two-Way Communication – WhatsApp Business API enables real-time, two-way communication between businesses and customers. Unlike traditional channels like email or SMS, WhatsApp allows customers to send queries and get instant responses, making interactions more seamless. Customers can ask about product availability, warranty, or order tracking, and get automated or live responses from support teams. This instant and seamless conversation reduces response time, builds customer trust, and enhances satisfaction.

Example – A retail brand selling electronics can set up automated greeting messages, like “Hi, Thanks for reaching out to XYZ Electronics. How can we assist you today?"

Broadcast Multimedia Campaigns – WhatsApp Business API solution supports sending rich media (images, videos, PDFs, etc.), making marketing campaigns more engaging and effective. The message can include a high-quality image of the destination, a PDF brochure, and an interactive CTA button for booking, allowing businesses to interact with customers in an appealing way, increasing conversions. Unlike SMS or email, where promotional messages often go unnoticed, WhatsApp messages have high open and engagement rates.

Example – A travel agency can send personalized multimedia messages like "Exclusive Holiday Deals! Maldives 4N/5D Package – ₹49,999 per person. Click below to book now!

Chatbots and Automation – With WhatsApp chatbots, businesses can automate responses for FAQs, appointment bookings, and customer support queries, ensuring 24/7 availability and seamless booking service to their customers. Businesses save costs on human resources while improving response efficiency, ensuring that customers get instant replies even outside business hours.

Example – A healthcare provider can use a chatbot to handle patient inquiries:

Customer - "I need an appointment with Dr. Sharma."

Bot - "Sure! Please select a date and time: [Options]."

Customer - "Monday at 5 PM."

Bot - "Your appointment is confirmed for Monday at 5 PM. You’ll receive a reminder an hour before."

24/7 Connectivity – Unlike phone-based customer support, WhatsApp ensures businesses stay connected with their customers anytime, anywhere. Automated messages and chatbots allow round-the-clock support. Even when support teams are unavailable, customers receive assistance, reducing frustration and improving overall service quality.

Example – An e-commerce business can configure auto-replies for common inquiries:

Customer - "I need an to track my order status.”

Bot - "Our support team is currently unavailable. Meanwhile, you can check your order status here: (Order Tracking Link)

Enhanced ROE (Return on Engagement) and ROI – Businesses using WhatsApp Business API can see better engagement and higher ROI by integrating interactive CTAs (like "Shop Now," "Track Order," or "Request a Demo") within messages. The convenience of clicking a CTA directly from WhatsApp leads to higher conversions compared to traditional emails or SMS.

Example – An online grocery store sends a reminder for abandoned carts: "Hey [Name], you left some items in your cart! Order now and get a 10% discount. Click below to complete your purchase! [Complete Order]"

Enhanced Customer Experience & Trust – Customers feel happy and more secure when they receive instant order confirmations, shipping updates, and payment receipts through WhatsApp. Especially in the case of prepaid orders, it’s important to reassure your customers with regular order status updates. Proactive updates enhance customer trust, reducing anxiety about order status and minimizing complaints.

Example – A food delivery app sends an update, "Your order #12345 has been dispatched! Estimated delivery time: 30 mins. Track your order here: [Track Now]"

Brand Recall & Engagement – Frequent, meaningful interactions on WhatsApp help businesses stay top-of-mind for customers, leading to improved brand recall. Maintaining a presence on WhatsApp keeps customers connected to the brand, leading to higher repeat purchases by customers. Also, customers get regular updates about special offers and discounts.

Example – A fashion brand can send monthly style tips, new arrivals, and exclusive offers to existing customers, keeping them engaged without being intrusive.

Redundancy & Reach – Since WhatsApp is widely used, businesses can ensure their messages reach customers through WhatsApp, even if emails or SMS go unnoticed. This redundancy increases efficiency, ensuring critical messages are not lost.

Example – A bank sending an OTP via email, SMS, and WhatsApp ensures that the customer receives it through at least one channel, reducing transaction failures.

Conclusion,

In conclusion, we can say that WhatsApp Business API Solution is a powerful investment for businesses that want to streamline their customer engagement strategy, automate responses, and improve marketing reach. It enhances communication, improves response efficiency, and fosters customer trust. Not all customers check emails and SMS promptly, but they do check WhatsApp frequently which makes it an ideal platform for businesses to engage with customers. Also, the convenience factor plays a significant role, customers can easily register service requests via WhatsApp, request callback assistance at a preferred time that is suitable for them or they can get a resolution over chat as well. Sending marketing offers over WhatsApp ensures faster and better conversions by delivering tailored offers like B1G1 (Buy One Get One) sales and festive discounts directly to customers with engaging CTAs.

These days brands don’t believe in being formal, personalization and customization are the keys, Big brands like Zomato and Swiggy have revolutionized customer engagement with quirky, relatable messaging, setting a trend now followed by skincare brands and various product-based companies. While formal and clear communication remains essential, persuasive and interactive messaging plays a crucial role in effective marketing. This helps the customer feel connected to the brand. Start leveraging the power of WhatsApp Business API in your marketing and customer engagement strategy, connect with go2market today at 85 95 08 08 08 and get started right away!