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eMudhra launches Aadhaar eSign-based NACH mandate gateway

September 12, 2017

eMudhra has announced the launch of Aadhaar eSign-based ‘National Automated Clearing House’ (NACH) gateway, for large and small enterprises to collect recurring payments from customers, helping slash costs and bring about accountability in payment processes.

This solution will aim to facilitate paperless electronic transactions which are repetitive and periodic in nature simplifying activation time for all parties. 95 per cent of transaction related costs will now be slashed, making it one of the most comprehensive and time saving proposition for enterprises. The solution will also remove geographical barriers and bring about efficient banking for the Customers.

Commenting on the launch V. Srinivasan, chairman, eMudhra said “eMudhra has been a pioneer in bringing new innovations to the market and fully supports the government’s Digital India vision. An eSign-based NACH is one such transformational initiative that is expected to drive huge cost savings to the ecosystem and promote the drive to move digital and cashless. We’re working with the National Payments Corporations of India (NPCI) and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new offering is going to bring about huge cost savings and reduce massive complexities across multiple players.”

 

 

 
 

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