It is a convenient and efficient collection method for businesses/ billing organizations that enables automated collection of recurring payments directly from customer’s bank account at multiple banks with a single authorization.
Businesses can collect payments from customers efficiently by debiting customers’ bank account on recurring basis
Businesses may determine when and how much to debit their customers once direct debit mandate is obtained from customers
Direct Debit is more cost-effective for businesses compared to some other auto-debit payments
Provides payment reference information to facilitate reconciliation
Build with secure payment infrastructure
Businesses can collect payments from customers at 22 Participating Banks