Technical overview of recurring payments using e-NACH and UPI v2

on YouTube ↗37m

" summary

Claims that e-NACH is the cheapest, bank-backed recurring method and that UPI v2 will be a higher-cost percentage-based alternative; paper ECS has a 27% signature mismatch problem, e-NACH shifts to e-sign and API mandates with 30 or 33 destination banks live, and current single-debit cap is ₹1 lakh (set to increase). Implementation requires SFTP to a sponsor bank, an e-sign provider (five licensed), a data-security audit and corporate docsign certificate, plus aggregator options with aggregator nodal account simplifying integration.

AI-written summary · about

" chapters (29)

1. 0:00Intro
2. 0:48Recurring payment collection via other systems is difficult and/or expensive
3. 3:39NACH Debit: Key features
4. 5:09NACH Debit: When to use
5. 8:37NACH Debit: Three pillars
6. 9:33NACH Debit Emandates via Aadhaar eSign
7. 10:31NACH Debit Emandates: Customer prerequisites
8. 11:36NACH Debit via eSign: Integration challenging
9. 12:27NACH Debit Aggregator: A better solution
10. 13:49Destination Bank validation process
11. 14:31Building blocks of subscription logic
12. 15:40What you need from your Sponsor Bank
13. 16:25You need DocSigner Certificate and ASP/KUA
14. 17:28You need an eSign Service Provider
15. 19:36Raw mandate contents
16. 20:52Request XML contents
17. 21:33Customer eSigns
18. 22:32Create
19. 23:00Activate
20. 23:53Debit (aggregator can automate)
21. 25:26NACH Debit Emandates solve business's recurring payment collection problem
22. 26:25Recurring payment collection - use cases
23. 27:04Fee comparison of NACH Debit and Payment Gateways
24. 28:17NACH Debit is by far the cheapest
25. 29:56Payment volumes
26. 30:44Comparison: NACH Debit and UPI v2.0 Mandates
27. 34:44Aggregator approach to NACH Debit
28. 35:18Getting started with NACH Debit via a bank
29. 36:14Summary

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