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Broken Recurring Payment Systems Are Costing Businesses More Than Just Time

For NBFCs, fintechs, and digital lenders, recurring payment collections aren’t just operational necessities — they’re the very backbone of your revenue engine. Yet, most businesses still tolerate inefficient systems, manual interventions, and outdated mandate processes that quietly eat into their profitability. Let’s talk numbers.Over 40% of recurring mandates are still getting rejected.Payment delays stretch up to 4 days.Monthly losses due…

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5 Payment Modernisation Mistakes to Avoid for Banks

Banks are racing to modernize their payment systems in today’s fast-evolving financial landscape. An eye-opening fact: as of mid-2023, there were 57,694 individuals with valid payment defaults. This highlights the urgent need for efficient and reliable payment solutions.  In digital banking transformation, adapting to digital payments is no longer optional but necessary. However, this journey is fraught with potential missteps.…

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