Blogs

Single NACH Mandate for Multiple Loans: Simplifying Processes for Banks and Customers

Managing multiple loan repayments can be a complex and time-consuming task for both individuals and businesses. Keeping track of various payment schedules, ensuring sufficient funds for each repayment, and avoiding penalties for missed payments can be overwhelming. For financial institutions, handling multiple mandates for the same customer often leads to increased administrative effort and inefficiencies. To address these challenges, the…

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Recurring Payment Solutions

Recurring Payment Solutions: A Game-Changer for Subscription-Based Businesses

Subscription-based businesses have a strong growth model. They can cement their success with the technology that is perfectly built to drive this model further. Recurring payment solutions help these organisations go one step further towards making customers’ payments easier. This gives prospective customers one more reason to opt for the businesses’ services.   The need for customised solutions for subscription-driven organisations  …

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Best Ways to Achieve Successful NACH Mandate Authentication

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…

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A New Era in Payment Integration : The Role of NPCI Cluster ASPs

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…

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