Many new-age banks have the tech and infrastructure that automatically inform the customers when payments fail. However, not all of them do so. And, with customers using a plethora of new payment methods, this communication is not always done.
To solve this problem, GoKwik introduced SMS communication for ADONC and
refunds for D2C brands to use.
Every time a transaction fails, GoKwik’s SMS Communication system instantly triggers an SMS to the customer informing them about the status of their payment and refund period.
Here’s an example of failed transaction communication for your reference.

The SMS communication includes all the necessary details needed to reduce a customer’s anxiety and keep them from escalating the matter further or abandoning the brand forever.