In the world of recurring payments and collections, effectively managing unique case scenarios is key to ensuring a smooth payment experience. Whether dealing with interruptions during authorization or addressing issues such as blocked or closed accounts, handling these exceptions with care is essential. This blog explores how automated status updates and penny drop systems can navigate these unique scenarios and…
Managing payments can often feel like juggling multiple tasks at once. With different systems and processes to handle, it’s easy to become overwhelmed. But what if there was a simpler way to manage everything? That’s where One API comes in—an all-in-one solution designed to make payment management straightforward and efficient. Mandate Management with One API Handling different mandates—whether it’s…
The recurring payment collecting method in India has drastically changed since the introduction of e-mandates in 2018. E-mandate has simplified and made it much easier for lenders to collect recurring payments with a much reduced operational costs. So, what is this E-Mandate that almost transformed the recurring payments landscape in India? Let’s dig a bit deeper to know what it…
The world’s second-fastest growing digital economy, India, is also developing into a fintech and payments hub. Both public and private sectors in India are going through rapid digital transformation by embracing automation and advanced data analytics. The Impact of Demonetization and Covid-19 pandemic: The Fintech sector in the country is one of the industries at the forefront of transformation. India’s…
Real-time Payments are accelerating the speed, innovation, and efficiency of digital payment systems, as well as redefining the future of payments. The pandemic has boosted demand for faster transactions and better digital payment solutions across industries. Contextual commerce is becoming increasingly popular, allowing customers, workers, merchants, and suppliers to conduct business more efficiently and in line with their 24/7/365 lifestyle.…
