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…
India has undergone a tremendous change in its financial sector over the past few years, especially in areas of digital payment systems. These are various payments but a particularly notable one that stood out is the Unified Payments Interface (UPI) which has made the payments even easier and faster thus improving the overall user experience of the payment process. This…
In today’s digital age, security is paramount, especially in the realm of financial payments. Ensuring the safety and security of data and payment processes requires a multi-faceted approach. Here’s a look at the cutting-edge technologies employed to ensure robust security at every level. 1. Advanced Authentication Mechanisms: 2FA, MFA, and CAPTCHA Ensuring that only authorized users have access to sensitive…
UPI Mandates: Safe.UPI Mandates with your awareness: Safest.UPI Mandates: Safe. Have payments gotten safer with UPI & UPI mandates? It’s most likely you’ll say a loud resounding, “Yes!”. Your assumption is right. Does that mean you can trust every UPI mandate transaction and its process blindly? That would be certain, “No!” While every UPI mandate process is regulated and 100%…
