Recurring Payments by Decentro

Accept recurring bank to bank payments automatically

118 followers

Accept recurring bank to bank payments automatically

118 followers

A 10X simpler and intuitive API solution for debiting payments from your customers' bank accounts in a recurring manner. Super useful for all Indian fintechs and companies that need to manage subscriptions, loans, auto-debits, or premium payments of any kind.

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Launch tags:API•Fintech•Payments

Launch Team

Floot MCPBuild and ship web and mobile apps inside Claude or ChatGPT

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Decentro

Maker

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.

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4yr ago

@sunnyboyrohit hey Rohit, great one man. The dashboard you are mentioning also does the reconciliation which can be downloaded as well?

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4yr ago

Decentro

Maker

@rushi_eswar Yes, absolutely :) The dashboard is in step 2 and getting launched soon in the coming 3-4 weeks for this, now that this API suite is live! Feel free to drop us a note at hello@decentro.tech and we can get a demo/conversation going. Thanks!

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4yr ago

@sunnyboyrohit got it, look forward to it.

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4yr ago

Decentro

Maker

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!!

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4yr ago

Recurring Payments by Decentro

Maker

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...

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4yr ago