Safeguards the financial details of the recipient
Instant non-revocable transfer of small value payments.
Easily implemented with the Existing System
Paycorp UPI Mandate authorizes easy integration with banks and corporates.
Instant and easy implementation with the corporate’s existing system.
Perfect solution for low-value, recurring payments across multiple banks.
UPI Mandate reduces up to 80% costs compared to traditional Paper Mandates.
A one-time authorization makes it convenient for you and your consumer a like.
With UPI mandates, recurring payments are deducted in a completely automated manner without further human intervention.
UPI mandates help you expand your business with assured and timely recurring payments.
No extra charges to be paid by the customer to set up UPI Mandates.
The customer has the flexibility to revoke or pause the UPI mandates at any point of time in the future.
Mandates can be set for weekly, monthly, quarterly, half-yearly, yearly or as-presented frequency.
UPI mandates ensure smooth running of recurring payments. Once setup, there is no losing out on timely payments.
Automated debit for transactions up to Rs. 5,000.
Corporate can create UPI mandates through filled-up UI/CSV file upload/API. They can fill up paycorp’s pre-configured mandates with details such as payment amount, frequency and customer’s other details.
Customer will get Email/SMS notification containing shortened URL link of paycorp.io. Customer can verify the details and redirect the authorization page to paycorp.io.
Customer clicks on the link and authorizes UPI mandate by entering his UPI PIN. UPI mandate is set up and the first transaction is complete.
UPI mandates are mandates setup for registered UPI consumers for recurring low value autopayments. Consumers can use any UPI channel to setup recurring payments to recipients by setting up the recipients Virtual Private Address, payment amount and frequency of payment. Once they setup and authorize the mandate through their PIN, the consumer account is debited automatically for the configured amount and credited recipient on the due date.
Paycorp.io offers simple extensions to corporates to initiate UPI mandate setup with consumers. Corporates can send the paycorp.io UPI mandate setup link to Consumers via email, sms or whatsapp message. Consumers can follow the simple setup process by clicking on the link and setup UPI mandate.
The dashboard facility of paycorp.io provides extensive graphs, which drill down into many useful reports. Subscribers can explore and customize the dashboards and drill down reports as well.
Yes, corporates can process UPI payment through paycorp.io after setting UPI mandates through paycorp.io
Corporates and consumers will receive SMS, email notification upon successful setup of UPI mandates.
If corporates have API interface with paycorp.io, the credit information will be passed on to your accounting system. Paycorp.io will share with corporates regards all payments initiated during the day. Paycorp.io also provide dashboard with drill down facility for corporates to be informed of all payments received during the day.