Streamline Payments with UPI Mandates
Simplify recurring payments with UPI mandates through bnypay. UPI mandates transform the way businesses collect payments by allowing customers to effortlessly authorize recurring transactions.
Convenience
Simplify recurring payments for your customers. Once authorized, payments are automatically processed at scheduled intervals, eliminating the need for manual intervention.
Cost-Effective
Cut down on transaction costs associated with payment collections. UPI mandates typically incur lower fees than traditional payment methods, making it a more cost-effective solution for businesses.
Flexibility
Provide flexible payment options with customizable mandates. Customers can set their preferred payment frequencies, amounts, and validity periods to align with their agreements.
Security
Ensure secure transactions with UPI’s advanced security features, including two-factor authentication (2FA) and encryption protocols. Safeguard sensitive financial information and build trust with your customers.
How It Works
UPI mandates with bnypay make recurring payments simple and automated. Set up the payment terms, have your customers authorize the transactions securely, and enjoy seamless, recurring payments processed on schedule. Track and manage payments effortlessly with real-time reporting and integration into your existing business workflows.
1. Simple Setup
Set up UPI mandates with ease through the bnypay platform. Simply integrate with your existing payment systems and define the frequency and amount of recurring payments. The setup process is quick and user-friendly, ensuring minimal disruption to your operations.
2. Customer Authorization
Customers authorize the recurring payments once through a secure UPI interface. They can review and approve payment terms, such as amounts and frequencies, for full transparency and control.
3. Automated Payments
After authorization, payments are automatically processed at the agreed intervals. bnypay ensures that transactions are completed securely and on time, streamlining your payment collection process.
4. Easy Tracking and Reporting
Stay on top of your payments with real-time tracking and detailed reports. Monitor payment statuses, review transaction history, and easily reconcile accounts to keep your financials in check.
5. Seamless Integration with Business Workflows
Whether you are running a subscription-based service or managing regular billing, UPI mandates integrate seamlessly into your business workflows, improving efficiency and customer satisfaction.