> ## Documentation Index > Fetch the complete documentation index at: https://razorpay-60c89f9a-mintlify-audit-missing-sections-1778528421.mintlify.site/llms.txt > Use this file to discover all available pages before exploring further. # Banking, Financial Services & Insurance > Razorpay provides comprehensive payment solutions that solve unique challenges across the lending, wealth management and insurance sectors. Following is the use case and recommended products. ## 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](/payments/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](/payments/payment-links). ## 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](/payments/third-party-validation). * 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](/api/payments/payment-links/third-party-validation). * Create Customer Identifiers to accept large payments from your customers. * Supports NEFT/RTGS/IMPS transactions. Know more about [Smart Collect with TPV](/payments/smart-collect/apis). * 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](/payments/payment-gateway/android-integration/standard/payment-methods/integration-tpv). ## 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](/payments/recurring-payments). * 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](/payments/subscriptions/supported-banks-apps#upi-autopay). Know more about [UPI Autopay](/payments/subscriptions/faqs#upi). * 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](/payments/subscriptions). ## 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](/payments/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](/payments/optimizer). ## Explore RazorpayX for Advanced Business Banking You can explore the RazorpayX product suite for these use cases: * Managing multiple bank accounts via [RazorpayX Dashboard](/x/dashboard). * [Automated payouts](/x/payouts) to bank accounts, debit cards, credit cards or prepaid cards. * Streamlined salary disbursements through [RazorpayX Payroll](/payroll).