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…
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…
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…
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…
