Tag: eNACH Service Provider

How Penny Drop Verification Strengthens Your Recurring Payment Setup

What Is Penny Drop Verification? Penny Drop is a simple yet powerful method to verify a customer’s bank account before initiating payments or mandates. In this process, a small amount (usually ₹1) is credited to the customer’s account to confirm its validity and fetch the registered account holder’s name directly from the bank. This small verification step ensures that the…

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Recurring Payments Made Smarter: Solving Rejections, Delays, and Payment Defaults with AI

For financial institutions, disbursing a loan is only the beginning. The real challenge lies in ensuring repayments are collected smoothly and on time. Unfortunately, recurring payment solutions still face gaps, from mandate rejections and delayed activations to repeated defaults. That’s why the future of recurring payments lies in combining automation with predictive intelligence. The Problems in Recurring Payment Solutions Smarter…

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Mandates Made Simple: Tackling Authentication Challenges in Digital Payment Collections

The Problem: Uncertainty in Mandate Authentication For NBFCs, MFIs, Digital lenders and banks, recurring payment collections are not just routine. they are the lifeline of business growth. Yet, when it comes to NACH mandate authentication, uncertainty often creeps in. Should you go with eSign? NetBanking? Debit card? Physical mandates? Each option seems promising, but the real challenge is knowing which…

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Are You Automating Recurring Payments, or Just Adding More Work?

In today’s digital world, businesses of every size, whether it’s a small subscription service or a large financial institution rely on recurring payments to maintain steady cash flow. But here’s the catch: simply setting up a digital payment system doesn’t guarantee efficiency. In fact, many companies think they are automating recurring payments, but end up adding more work with failed…

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Stop the Revenue Leak: Cut Recurring Payment Failures by 80% This Year

Recurring payments power everything from subscription models and loan EMIs to insurance premiums and utility bills. But for many businesses, high payment failure rates eat into revenue, disrupt cash flow, and strain customer relationships. The good news? In 2025, advancements in eNACH mandates, UPI AutoPay for recurring payments, smart retries, and recurring payment APIs have made it possible to slash…

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