The National Payments Corporation of India (NPCI) NACH platform facilitates high volume inter-bank electronic payments which may be repetitive or periodic in nature. Customers can authenticate NACH mandates in various forms using paper mandates as well as electronic mandates for these kinds of payments.
Corporates, utility providers and banks in India are looking to register the customer’s mandate in an easy, secure and cost-effective manner.
Mandate API Service allows corporates, utility providers and banks to give customers several choices by which they can authenticate mandates.
Mandate registration is processed in a highly secure, online environment.
A full-fledged ready-to-use, plug-and-play solution that needs no prior set up, promises reduced go-to-market time.
The Flux Mandate Service is a comprehensive, end-to-end solution to register and manage customers’ mandates.
Eliminate manual intervention through complete end-to-end automation and Straight Through Processing.
Clients have the flexibility to purchase a product license for uninterrupted access to the Flux Mandate Service. They can also experience the product on a pay-per-use basis.
One single, integrated API for all types of mandate needs and requests.
NACH products have been in the market ever since the inception of NACH. This solution has been developed by highly experienced experts from the payments industry.
The Mandate Service has been a preferred mandate processing solution among a distinguished clientele and customer base over several years.
Mandate Service helps to significantly reduce the mandate rejection rate. Clients can benefit by saving time and effort on customer follow-ups and representation of mandates.