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Manage Collections

Payment failures in financial services can result in significant revenue loss, with over 50% of customers dropping off if payments fail on the first attempt. Our suite of intelligent features is built to address this and provide best-in-class success rates. Following are the recommended products:
  • Integrate with a wide coverage of SDKs and plugins for popular marketplaces like Shopify, WooCommerce, and more.
  • Access 100+ payment methods including UPI, Cards (debit and credit), EMI, Netbanking, International Payments, Wallet, Pay Later, and more.
  • Quickly recoup 15% of your failed payments on the first attempt with seamless and intuitive retry.
Know more about Payment Gateway.
  • Share Payment Links via email, SMS, or messenger and get paid immediately.
  • Use the Razorpay WhatsApp Bot to create and share Payment Links directly from WhatsApp.
  • Recover abandoned carts by sending customers a Payment Link, encouraging them to complete their purchase.
Know more about Payment Links.

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Third Party Validation

Third-Party Validation (TPV) of bank accounts is a mandatory requirement for businesses in the BFSI sector dealing with securities, broking and mutual funds. Following are the recommended products:
  • One-Click Retry on Razorpay Checkout.
  • Methods Available: UPI, Debit Card and Netbanking.
Know more about Payment Gateway with TPV.
  • Share Payment Links with customers calling the call center for investing.
  • Remind customers to add funds to trading accounts and notify them of low balances.
  • Prevent drop-offs by sending Payment Links to resolve demat account payment issues.
Know more about Payment Links with TPV.
  • Create Customer Identifiers to accept large payments from your customers.
  • Supports NEFT/RTGS/IMPS transactions.
Know more about Smart Collect with TPV.
  • Achieve higher success rates with a smoother payment experience.
  • Complete in-app flow with no redirections for better control over the user journey.
  • Significantly reduce timeout issues as customers never leave your app.
Know more about Turbo UPI with TPV.

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Automate Recurring Revenues

Recurring revenues are core to financial services, including insurance premiums, SIPs and loan repayments. With Razorpay, you can offer easy and tailor-made subscription plans to your customers through a platform built for automation. Following are the recommended products:
  • Register customers for SIP payments via E-mandate/Paper NACH.
  • Set up mandates for lump sum payments with first-time registration.
  • Facilitate mandate migration.
Know more about E-mandate.
  • Enable users to set up periodic premium payments through their UPI apps.
  • Support daily, weekly, monthly, quarterly, or yearly plans to make products or services more affordable.
  • Supported by major UPI apps like AmazonPay, BHIM, PayTM, PhonePe, Google Pay, and various banks.
Know more about UPI Autopay.
  • Set up E-mandates, authorising the bank to deduct loan instalments automatically from their bank accounts at predefined intervals.
  • Provide flexible repayment schedules based on customer preferences and loan terms.
  • Automate the reconciliation of loan repayments, provide real-time visibility into payment statuses and reduce the chances of errors in financial reporting.
Know more about Subscriptions.

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End-to-End Cash Flow Management

Financial companies face complex cash flows where money is collected from multiple sources and routed to various accounts - customers, investors, vendors, and service providers. Following are the recommended products:
  • Split payments as per the broking index (NSE, BSE, MCX, and more).
  • Distribute payments according to MF scheme bank accounts.
Know more about Route.
  • Improve payment routing to ensure transactions go through the best available acquirer or gateway, reducing failed transactions and increasing success rates.
  • Automatically send transactions to the best-performing gateway without customer input.
  • Smart Router routes payments to providers with a higher probability of success.
Know more about Optimizer.

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Explore RazorpayX for Advanced Business Banking

You can explore the RazorpayX product suite for these use cases: