National Payment Corporation of India (NPCI) has launched the e-mandate facility in NACH system to offset failure rates, fund realization lag and collection risks.
A resilient platform for secure cost-effective real-time payments
24x7x365 days mandate submission.
85% reduction in mandate rejection rates.
90% reduction in manadate processing costs.
1. Conversion of mandate data in NPCI NACH format (PAIN format)
2. Integration with e-Sign service provide
3. Provide the data to other channels of Corporates/NBFCs in NPCI format.
4. Update the mandate status with response received from Sponsor bank.
Platform agnostic solutions ensuring easy integration.
Process queue mandate tracking and interactive dashboard views for high visibility
Straight through mandate processing for faster deliveries
Comprehensive MIS and interactive dashboards for better visualization
Auto alerts enabled through SMS and email
24x7x365 operations with customer centricity
Easy integration with Corporate/ NBFC’s core solution with support over Web APIs
Robust digital infrastructure with anywhere customer connect