Recurring Payments by Decentro

Hola Product Hunt! 😻 Many thanks, Michael @mwseibel, for hunting our latest product launch. I’m Rohit, Founder & CEO of Decentro. Decentro is a highly easy-to-use API platform for banking integrations in India (and soon APAC). We do the hard work of tying up with legacy financial institutions so that you can just integrate your desired APIs and launch! Today, we’re thrilled to announce Decentro’s latest API module - Recurring Payments: UPI Autopay & e-NACH. 1. What is it about? 📝 It is an easy-to-use, secure, and reliable solution to collect all your recurring payments. These allow you to set up a monthly/weekly/daily/on-demand debit from the bank accounts of your customers or borrowers or agents. This helps reduce follow-ups and manual payments from customers and increases the conversion rate of payments with zero manual efforts. This benefits all the stakeholders in the ecosystem equally well since the entire payment sequence gets automated. The numerous use cases include but are not limited to: ** EMIs: Lenders collecting repayments against a loan/credit line ** Premiums: Insurers or businesses collecting payments toward premium ** Digital Subscriptions: Merchants can collect recurring payments toward digital content ** Savings: Platforms facilitating savings from customers at regular intervals ** Investments: Platforms facilitating investments into various assets 2. How Does it Work? With a recurring payment facility, our API Suite for these products aims to provide a more convenient way for customers to pay for things they use on a routine basis and merchants can receive these payments fully reconciled into their accounts. 3. Why is it awesome? 💡 ** 10X faster go-live timelines. Why wait for weeks and months when you can go live with your custom recurring payments workflow within just a few days? ** A dedicated dashboard where you can track all transactions and reconcile the payments in real-time, fully automated. ** Set e-Mandates for payment collection at regular/on-demand intervals ** Let users register mandates digitally, reducing your collection costs and time. ** Automated Payments require a one-time authentication via Netbanking or Debit card. ** Our existing Virtual Account API Stack help reduce the manual reconciliation of customer debits. A big shoutout to our engineering team for making Decentro more awesome daily. We’d love to hear your thoughts on Decentro and your experience using our recurring payment APIs. We want to hear from you if you have any questions or feedback! We’re always up at hello@decentro.tech. Cheers.

Hello folks, we’re super excited to introduce our latest product to PH and the world! In the last few months, we’ve witnessed how Card AutoPay and other recurring payment solutions have been disrupted. With all this chaos around, we’re pumped to simplify recurring payments and enable any company to easily set up mandates. Come and tinker around in our sandbox and explore how you can leverage Decentro’s Recurring Payments stack. HMU if you’d like to get started. Cheers!!

Awesome. Can this kind of thing be built for US? It could be a game changer for SaaS businesses.

This is something great in the Fintech space Congratulations on the launch!

Brilliant idea! Congratulations on the launch!

Looking awesome!

Hola good folks!! Recurring payments are one of the highest impact features for Fintechs to build for! Seen this 1st hand when I was building products for lenders across SME and consumer lending. And we at @decentrotech want to solve this in an elegant manner with minimal effort without disrupting CX. Would love to get feedback on the module. Hit me up if you have an interesting use case :) If you are someone who wants to read up more on ENACH, we have a detailed blog out here as well : https://decentro.tech/blog/origi...