Best Subscription & Recurring Payment Platform in India

Subscription Paisa

National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates, and Government a web-based solution to facilitate interbank, high volume, electronic transactions that are repetitive and periodic. Based on this NPCI platform, Subscription Paisa has been developed as a unique mandate processing and payment collection platform.

Subscription Paisa offers recurring subscription payments through e-NACH/e-mandates for more than 50 banks to merchants.

Subscription Paisa enables Single platform for processing Physical and Digital Mandates, it Increases efficiency of transactions process and reduces TAT from 4 days to a couple of minutes. An API-driven transaction status update as compared to SFTP based excel file transfers makes updates real-time.

Key Features & Benefits OF SUBSCRIPTION PAISA For Clients

GET RID OF INSECURE EMAIL FILE SHARING
Upload transaction files at dashboard or connect through API. No need for email communication
SINGLE PLATFORM FOR PROCESSING ALL MANDATES
Single platform for processing Physical and Digital Mandates.
INCREASE EFFICIENCY OF TRANSACTION PROCESSING EXPONENTIALLY
System-driven transaction processing reduces TAT from 4 days to a couple of minutes, and API-driven transaction status update as compared to SFTP based excel file transfers makes updates real-time.
HELP FOS TEAM EASILY COLLECT DATA FROM CUSTOMERS AND PARTNERS
Has a Mobile app/inbuilt form+link creation platform to help the FOS team easily collect required data and payments from customers and partners – Physical mandate processing done using scan/image file uploaded through Mobile App. This helps to cut down the processing time by at least 5-6 days and save operation cost for the company.
HEALTH CHECK OF ALL MANDATES
Health check of all mandates, significantly reducing error at first hand – Unique validation algorithm for validation of mandates and debit advice. This will help quickly identify some of the common errors in the data. Hence will further help to increase the success rate and bring down the TAT
REAL-TIME UPDATES THROUGH API THAN SFTP BASED EXCEL SHEETS
Real-time updates of mandate registration status through API as compared to SFTP based excel sheets. No manual upload of excel file hence zero manpower cost.
AUTO TRIGGER OF PAYMENT LINKS
Auto trigger of Payment Links for failed transactions means no manual intervention, hence significantly reducing the manpower cost.
SINGLE DASHBOARD FOR ALL MANDATES
Single dashboard solution for both e- mandates and Physical mandates – for all reports of all types of mandates and of all types of transaction modes.
ADMIN PORTAL
Admin portal to view status of all mandates and debit advice will help the company to reconcile the data quickly and save cost of reconciliation.