To begin with, let us first discuss what NACH or mandate means. National Automated Clearing House (NACH) is a set of instructions that you give to your banks or financial institutions to allow them to debit the informed amount from your bank account. This is otherwise called as Mandate. If banks perform the mandate process […]
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As part of CAMSPay’ s Payments Insider webinar series, our latest broadcast discussed how digital payments impact NBFCs disbursement and collection methods. Our panel included: Guest Speaker: Dhiraj Agarwal, Senior Vice President and CEO of Two-wheeler and Electric Vehicles business at Manappuram Finance Limited Guest Speaker: Shantanu Rege, COO of Mahindra Housing Finance Limited Moderator: […]
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UPI is the newest kid on payments block. Its impressive to see how impactful it has been for the BFSI sector. Here’s more!
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Curious to learn about the payment industry? Start right here with this simple guide on E-NACH.
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As a service provider, isn’t this your recurring concern? You have convinced the customer about the efficacy of the product she is about to subscribe to. The mandate has been filled and signed. It will take 2 weeks to process the mandate. Ample time for the customer to change her mind, which she often does.
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