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Payment Gateway Solution in NBFC Industry

Indicpay is a hypothetical payment gateway service designed specifically for Non-Banking Financial Companies (NBFCs). It is tailored to meet the unique financial transaction needs of NBFCs .

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Overview

Here's How Payment Gateways are relevant to the NBFC Industry

01

Loan Disbursement and Repayment

NBFCs often use payment gateways to disburse loans to customers quickly and securely.

02

Interest and EMI Payments

For loans, such as personal loans or consumer finance, payment gateways enable customers to pay interest conveniently.

03

Online Account Management

Payment gateways can be integrated into NBFC websites and mobile apps to provide customers with self-service account management.

04

Digital Wallets and Prepaid Cards

NBFCs may issue digital wallets or prepaid cards, which rely on payment gateways to manage transactions, top-ups, and balance inquiries.

05

Cross-Border Transactions

For NBFCs dealing with international transactions or foreign exchange services, payment gateways are essential for facilitating cross-border payments.

06

Security and Compliance

Payment gateways are required to meet strict security standards to protect sensitive financial data and comply with regulatory requirements..

07

Customer Service and Dispute Resolution

Payment gateways often provide support for customer inquiries and dispute resolution, helping ensure customer satisfaction.

08

Merchant Services

Some NBFCs offer merchant services to businesses, enabling them to accept payments from customers.
Payment Settlement

Indicpay : Payment Gateway in the context of an NBFC(Non-banking Financial Services)

  • Your ERP system should have the capability to integrate with the chosen payment gateway.
  • Ensure that your ERP system has robust user authentication and authorization mechanisms.
  • Within your Education ERP, Create dedicated student and parent portals.
  • Provide various payment options, including credit/debit cards, mobile wallets, supported by your chosen payment gateway.
  • Provide Support for users who may encounter issues with payment processing.

Check out the live demo to learn how Indicpay works. No sign-up required!

Process

Indicpay: How to handle Your Tailored Payment Solutions

01

Payment Gateway

A payment gateway is a technology solution that facilitates the secure online transactions between customers and merchants.

02

Payment Links

Payment links are a convenient and secure way to request payments from customers or clients without the need for a website.

03

Payment Pages

Payment pages, are webpages designed to facilitate the secure and convenient processing of payments for online purchases or services.

04

Auto Collect

Auto collect" typically refers to a feature or process that automatically collects payments from customers or clients on a recurring.
Have any Question

Frequently Asked Questions?

  • Why should I choose Indicpay Payments?

    Indicpay Payments is India’s leading payments and API banking company. It helps 1,00,000+ businesses accept and send money and is used for multiple use cases like vendor payouts, wage payouts, bulk refunds, etc.

  • Choose the product you are interested in. You can switch to Test Environment and try out the product features and integrations using test API credentials. Once ready, you can switch to Production Environment.

  • Once your documents are submitted for review, account gets activated with 24 working hours. Please refer to our quick activation guide. You can also write to us at Indicpay.com

  • Indicpay Payments Gateway offers 120+ payment modes including Pay Later, Paytm, and Cardless EMI options etc. Indicpay Payments Gateway is the only payment gateway that supports instant refunds versus the industry standard of refunds in 5-7 working days - this ensures Cashfree Payments merchants are able to delight their customers while running business operations smoothly.

  • When you create a Payouts account,Indicpay Payments creates a virtual wallet for you. You can add funds from your bank accounts to the wallet and use the funds to do payouts. You can use the Payouts dashboard to do single or bulk payouts via excel upload or integrate Payouts APIs with your product or ERP to automate bulk payouts.