Automate Recurring Payments Seamlessly with LEDGERS UPI AutoPay

Using manual methods for collecting recurring payments can hinder your organization’s efficiency and result in lost collections. However, with the help of LEDGERS UPI AutoPay, you can streamline the collection of subscription-based and recurring payments automatically (with the added benefit of using one of India’s most secure payment infrastructures—UPI).

With LEDGERS UPI AutoPay, you can provide your customers with a frictionless payment method while keeping complete control and visibility into your cash flow.

Introduction to LEDGERS UPI AutoPay

LEDGERS UPI AutoPay allows customers to authorize recurring payments via UPI using a distinct feature from NPCI (National Payments Corporation of India). Once the customer approves the mandate, all recurring payments will be automatically debited on a pre-determined date without requiring the consumer to manually make a payment for each transaction.

With the increasing need to manage recurring expenditures efficiently, LEDGERS UPI AutoPay emerges as a beacon for businesses of all sizes, promising an automated, hassle-free payment experience.

How does LEDGERS UPI AutoPay work?

1. Create a Recurring Mandate

The first step in the process of establishing regular payments is generating a UPI AutoPay mandate for a defined monetary value and frequency straight from LEDGERS.

2. Customer Authorization

Using their preferred UPI application, your customers will have the ability to securely provide their consent for the recurring payments specified in the mandate.

3. Create a Recurring Mandate

Payments will be debited based on the specific frequency selected (e.g., daily, monthly, or custom).

4. Create a Recurring Mandate

With LEDGERS’ UPI AutoPay Dashboard, you will be able to track the status of the Payment Mandate (successful, failures, and cancellations) from a single interface.

Key Features of LEDGERS UPI AutoPay

Easy creation and management of mandates

All controlled by the user, you can create, modify, pause, and/or cancel UPI mandates without the hassle of having to get in touch with your UPI provider or go to an ATM.

Flexible billing cycles

 You can use our platform for recurring payments with the monthly, yearly and custom plans.

Invoicing and reconciliation

 All payments processed through our solution will be automatically matched to an invoice, so payment data will always flow through to the accounts module.

Smart notifications and reminders

When a mandate is approved, customers will get an alert and when a payment is made they will receive a notification.

Secure/NPCI compliant

Build on Indian UPI framework to ensure that all payments processed on our platform meet NPCI's security requirements.

Benefits to Business

Improved Cash Flow

 By automating the collection process, you will no longer have to follow up with customers to collect payment on a timely basis.

Fewer failed payments

Customers will not miss a payment or an automatic renewal because they set up an auto-debit.

Operational efficiency

You'll save significant amounts of time and effort by automating your recurring billing and payment processes.

Better customer experience

Customers can approve a single mandate and never have to worry about making another payment again.

Benefits to Customers

•  Customers will have the convenience of being able to approve their mandates one time on a trusted UPI app.  
•  Customers will never need to remember when their mandates are due.  
•  Customers can pause or cancel their mandates at any time.  
•  Customers will receive a notification of every transaction processed.  

Why Choose LEDGERS for UPI AutoPay?

LEDGERS goes beyond payment collection by tightly integrating UPI AutoPay with invoicing, accounting, and reporting. Businesses get a unified system that not only automates payments but also simplifies financial management and compliance.

With LEDGERS, recurring revenue becomes predictable, efficient, and scalable.

Conclusion

LEDGERS UPI AutoPay empowers businesses to automate recurring payments while delivering a smooth, secure experience for customers. By eliminating manual follow-ups and payment delays, you can focus on growth while LEDGERS takes care of collections.  

 Start using LEDGERS UPI AutoPay today and transform the way you manage recurring payments.