Recurring Collections
Next-Level Convenience: How eNACH and UPI Mandate 2.0 are Changing the Game for Recurring Payments
Meet SprintNXT’s eNACH and UPI Mandate 2.0 simplifying transactions between banks, making it easier for businesses to manage recurring payments efficiently. With electronic mandates, customers authorise automated debits, reducing errors and boosting efficiency.
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Recurring Collections
Automated Transaction Handling
eNACH facilitates seamless electronic transactions for recurring payments, allowing businesses to automate collections for services like monthly subscriptions, loan repayments, utility bills and insurance premiums.
Electronic Mandates
Customers provide electronic authorisation for automated debits from their bank accounts, stored securely within their system, simplifying the payment initiation and reducing administrative burdens for both businesses and customers alike.
Enhanced Efficiency
By replacing manual, paper-based methods with electronic authorisation, it ensures timely collections, minimizes errors, & optimizes the payment process for maximum efficiency.
Features of UPI Mandate 2.0
Secure Recurring Payments
UPI Mandate 2.0 provides a safe and secure method for initiating recurring payments, ensuring the protection of sensitive financial information.
Timely payments
This feature facilitates timely payments, helping users avoid penalties and late fees by ensuring that payments are made promptly
No Documentation Required
Setting up a mandate on UPI Mandate 2.0 does not require any paperwork or documentation, while streamlining the process for users.
Flexibility to Manage Plans
Users have the flexibility to revoke, modify, or pause their payment plans at any time, giving them full control over their recurring payments.
Industry Use-Cases
Insurance
Finance
Utilities
NBFCs
Education
Why Choose eNACH and UPI Mandate?
Robust Security
SprintNXT’s UPI Mandate and eNACH solutions offer top-notch security features, with stringent fraud prevention measures.
User-Friendly Experience
With a simple and intuitive interface, managing recurring payments becomes effortless, allowing for easy setup, modification or cancellation of mandates.
Seamless Integration
Our solutions seamlessly integrate into existing systems, enabling businesses to offer their customers smooth & hassle-free recurring payment options.
Innovation Driven
SprintNXT stays ahead of the curve, continuously innovating to meet evolving customer needs, ensuring adaptability to the changing landscape of digital payments.
Frequently Asked Questions
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