Today’s fastest growing business model is the subscription model and its growth has a secret: recurring payments. While customers enjoy services that they pay for, ensure that their periodic payments – monthly, quarterly, half yearly, or annually – are easy to set up and smoothly processed. With such a system, you are assured of a hurdle-less growth process and big…
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…
