In today’s digital-first world, automating recurring payments is crucial for businesses to optimize their operations and provide a seamless customer experience. The National Automated Clearing House (NACH) mandate system, governed by the National Payments Corporation of India (NPCI), has emerged as a key tool for automating payments like EMIs, subscriptions, and utility bills. However, ensuring successful NACH mandate authentication involves…
In the fast-paced world of digital payments, financial institutions are constantly looking for ways to simplify processes, reduce timelines, and enhance efficiency. Recognizing this need, NPCI introduced the concept of Cluster ASPs (Application Service Providers), a revolutionary framework aimed at streamlining payment integration for banks and NBFCs. This approach is redefining how institutions adopt and implement NPCI services, paving the…
If you are still using traditional methods for collecting regular payments, you must be facing problems with loads of manual follow-ups. This is a major problem keeping your company from growing. It is crucial that the finance side of your business follows all the new updates, otherwise, you can be stuck with payment failures, delayed collection, and operational inefficiencies. As…
Do you want to ensure timely payments, minimize transactional errors, and improve customer experience? Then you should be seriously thinking about e-mandate registration which automates your payment/transactions. These are basically the main concerns looming around all businesses, especially the financial and banking sectors. e-mandate registration can solve these on many levels and ensure security Automating payments/transactions is growing popular among…
Is your business struggling with labor-intensive follow-ups? Even after spending a lot of extra time, do you still end up with missed transactions and strained client relationships? Automating recurring payment solutions will save your business. Your business needs to shift from manual interventions to automated processes. Billing is one area where this shift has been particularly beneficial – recurring payment…
Running a business means staying ahead of change while sticking true to your business philosophy. Change can be anything, in operations or even in policies; you keep updating them, and your business evolves soon after you learn something new. One of the most significant shifts we’ve seen is in how businesses handle payments. This shift from physical mandate to E…
In today’s fast-paced business environment, corporates need solutions that are efficient, secure, and adaptable. Paycorp’s innovative mobile APK offers exactly that—simplifying the process of onboarding customers while ensuring compliance with regulatory requirements for NACH mandate registration and enabling seamless NACH payments collection. Why Corporates Need Fast Onboarding and Efficient Payments Collection With growing competition in every sector, a smooth customer onboarding experience…
You filled out an entire page of details, generated multiple OTPs, or even used net banking credentials for your NACH e-mandate. Yet, after all that, your NACH e-mandate failed. Now you are back to square one, having to reinitiate the whole process. It’s frustrating, right? But by considering some factors, the entire process will be seamless. You might think it’s…
