Making eMandates simpler starts with step number one: registration. The simplest mode of registration is using QR codes. As compared to other methods, including debit card details  and netbanking, it is quicker, faster, and simpler. It cuts down the time and effort required for successful emandate registration. 

The Future of emandate Registration Lies in QR Codes. Are you ready? 

Because most customers today have digital mobile phones, a simple scan gets them started. Other methods require multi-step logins and devices that may not always be immediately accessible. There are many other advantages to using QR codes to simplify the eMandate setup for your customers. Let’s look at them in detail.     

Discover the multiple benefits that an eMandate setup offers  

1. Immediate access to forms 

Customers can access mandate forms in less than a few seconds without requiring the entry of URLs or logging into web portals. They can also complete the entire process all the way through receiving invoices, verifying details, and mandate authorisation on the same mobile device.    

2. Pre-Filled Information for better accuracy

Not all customers are aware of all the details that they need to fill in. With QR codes, the form that they access can have pre-filled information that they can certify and approve. This makes it simpler for customers who don’t have the time, patience, or knowledge. This also goes a long way towards reducing errors. 

3. Real-Time Authentication

The wait time for authentication increases when the selected mode – email, SMS, Whatsapp – is on a separate device or window. With QR code eMandate registration, these apps are integrated and don’t have to be switched to or shifted attention to during the process. With mobile devices, fingerprints already registered on the mobile can be used for authentication making it quick and immediate.  

4. A more mobile user-friendly user experience 

Smart phones provide an integrated user experience that make the process of eMandate registration simpler. Most processes provide a smooth interface that is easy to understand and use.     

5. Higher security 

QR codes are inclusive of encryption that protects sensitive information that is needed for eMandate registration. Along with two factor authentication and secure payment integration, it is a perfect mode for mandate registration that offers top notch data safety.    

6. Paperless and environment-friendly

QR codes remove the need for paper processing, also reducing your burden on the planet. It appeals to customers who want to adopt eco-friendly practices that are also simple to execute. 

What does an adoption of QR code authentication look like and result in?

Here’s what a customer’s journey looks like when registering an eMandate through QR code authentication. For example, the customer is signing up for a service and needs to set up a periodic payment. She scans the QR code which leads directly to a pre-filled emandate form with the mandate details including amount, frequency, and bank account. After approving the details, the emandate is registered.   

What is the big advantage of using QR codes of emandate registrations? 

1.Better Conversion Rates: When the process has lesser steps, and simpler ones, there are far more successful mandate authorisations as opposed to failures. 

2.Lower Costs: Complete automation and no paperwork reduces overall operational cost.

3.Smoother customer experience: A simple, quick, and functional process keeps customers smiling.

4.Scalability: Organisations can expand to any volume of payments without added infrastructure or support. 

What is the way forward with QR Code emandates? 

There are positives and challenges with a future driven by QR code emandate registration. 

Positives:

1 – They bring together speed, security, and simplicity into the emandate experience.  

2 – Technological advances like Near Field Communication (NFC) and AI-driven data analytics will only boost the results of adoption. 

Challenges:

1 – Customer education about the process could be a challenge with the less technology savvy, despite being simple. 

2 – Some QR code formats may not work across all devices.

3 – The data security of the organisation may need to be increased 

Final Thoughts

The integration of QR codes into e mandate setup processes represents a significant leap forward in enhancing customer experiences. By offering a faster, more convenient, and secure way to authorize recurring payments, QR codes are redefining the standards of efficiency and usability. As more businesses adopt this innovative solution, customers can look forward to a future where setting up mandates is as simple as scanning a code. Visit Paycorp for all your QR needs.