In today’s digital-first economy, recurring payment collections have become the backbone for many industries — from banking to NBFCs, from insurance to subscription businesses. Yet, despite growing volumes, many organizations still struggle with the operational complexities behind Direct Debit collections. The Collection Challenge That Many Face While setting up mandates and auto-debits may sound simple in theory, the reality is…
Recurring payments are a backbone for many businesses today—from loan EMIs to insurance premiums to subscription services. But here’s something most payment workflows still struggle with: getting customers to complete their NACH mandate registration successfully. A surprising number of mandates fail mid-way. Why? Because not every bank follows the same rulebook. What seems like a simple authentication step to us…
As the growth of UPI recurring payments increases, the regulation and technology is getting better. Today, the NPCI-regulated system has checks and balances that ensure the right destinations, processes and verification. Enter Paycorp’s UPI Autopay. It ensures that your monthly recurring payment goes on time, to the right place, and with the right amount. Even with the efficiency of the…
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…
In today’s fast-changing financial landscape, early detection of credit risk isn’t just important — it’s essential. With economic shifts happening at the speed of data, banks and financial institutions must stay one step ahead to protect their portfolios and make informed lending decisions. That’s where Artificial Intelligence (AI) comes into play. Why Traditional Credit Risk Models Are Falling Short Traditional…
