OTP Based Mandate Registration | API Developer Portal

OTP Based Mandate Registration 1 API

For validation of account and OTP triggering, registering of mandate in Mandate Management Module.

Reduced TAT for collection of funds from customers

Increased operational efficiency

Authenticate payer details

Optimise cash flow position

OTP Based Mandate Registration

OTP Based Mandate Registration

To register e mandate using OTP for direct debit transactions. OTP is entered on corporate interface and sent back to bank via API for validation. On successful OTP validation, mandate is created in mandate management module and success response is sent to corporate interface.

Automated consent capture process eases out the manual intervention for mandate registration
Reduce the reversals and time-consuming management of dishonors
Minimize the TAT for mandate collection and processing time
Transform the recurring collections schedule into automated one
Validate the account before mandating it will optimize the accuracy of transaction work flow.

Axis Aha!