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Paycorp eSign

Customer can authorize the mandate using Aadhaar Number/VID and OTP/Biometric. Unlike paper mandates, customer need NOT physically sign the mandate or to have Net Banking/Debit card facility in their bank.

eSign Mandates in Easy steps

Mandate Authorisation

Customer will be directed paycorp.io’s eSign Mandates Service Provider (ESP) to accept consent and enter the Aadhaar Number/VID. Customer will enter the OTP received on the registered mobile number provided to the UIDAI to complete the KYC verification.

Mandate Authenticaton

Mandate details will be digitally signed after successful KYC verification by ESP.

Submission

Signed eSign Mandate will be submitted to NPCI through Corporate’s sponsor bank

Routing

7. NPCI will send the eSign Mandate details to customer’s bank to verify and accept the eSign mandate

Reference Number

E-Mandate is set up successfully Unique Mandate Reference Number (UMRN) is assigned for future reference.

Why Paycorp eSign

Convenient

Customers can authenticate the mandate with Aadhaar KYC from anywhere and through any device.

Pre-authenticated Mandate

eSign Mandate are pre-authenticated by customer and digitally signed. Hence E-Mandate will be accepted automatically on successful verification of Aadhaar and account details at customer’s bank.

Quicker Activation

High acceptance rate since there is no need for manual verification. Mandate can be registered quickly with NPCI with turn around time not greater than 2 days.

eSign Mandate can be registered quickly with paycorp.io

eSign Lodgement

Corporate creates/pre-fills the mandate details into paycop.io to notify the customer. Mandate details can be entered through UI/CSV file upload/API.

Customer Notification

Customer will get Email/SMS notification containing shortened URL link of paycorp.io customer authorization page. Customer clicks on the link and choose Net Banking/Debit card option to continue with authorisation.

Mandate Authorization

Customer will be redirected our eSign Service Provider (ESP) to enter the Aadhaar Number/VID and OTP. On successful KYC verification, eSigned mandate will be submitted to NPCI through the corporate’s Sponsoring Bank. A Unique Mandate Reference Number (UMRN) is assigned to the mandate for future reference.

eSign Customers

Mandates Subscriptions

paycorp.io

API eSign

  • Unlimited Mandates
  • Dashboard & Reports
  • Basic API
  • Net banking/Debit card Authentication
  • 24x7 Customer support
  • Monthly Billing
  • Insights & reports
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paycorp.io

eSign Mandate

  • Unlimited Mandates
  • Dashboard & Reports
  • Basic API
  • Aadhaar OTP Authentication
  • 24x7 Customer support
  • Monthly Billing
  • Insights & reports
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paycorp.io

Transaction file Presentment

  • Transaction files .xls, .csv .txt
  • Dashboard & Reports
  • Basic API
  • 24x7 Customer support
  • Monthly/Annual Billing
  • Insights & reports
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Frequently Asked Questions

What is eSign Mandate?

eSign Mandates are system generated mandates which are digitally signed by Aadhaar holder. Digital eSign of mandates are done after successful eKYC verification through OTP/Biometric mechanisms.

How to set up eSign Mandate?

When customer selects eSign mandate option, page will be redirected to the eSign Service Provider (ESP) , say NSDL . Customer will provide consent along with Aadhaar Number/VID and OTP/Biometric authentication to digitally sign the mandate.

Can I process payments through Paycorp.io after setting up eSign Mandate?

Yes. You can enable payment collection in Paycorp.io for mandates, which will generate the payment collection files for your bank.

Can I process payments collection through Paycorp.io after setting up E-Mandates?

Yes. You can enable payment collection in Paycorp.io for mandates, which will generate the payment collection files for your bank.

How will I know if the eSign Mandate set up is successful or not?

If you are the customer, your bank will notify when the mandate is set up through email / SMS.