LotusPay

LotusPay is a fintech company specializing in NACH Debit recurring payments collection for leading banks and financial services companies in India. Operating in the financial technology sector, LotusPay provides a cloud-based platform that simplifies the creation and management of payment plans, subscriptions, and mandates. The platform supports various payment frequencies, amounts, and durations, allowing businesses to customize their payment collection processes. Clients can invite their customers to authorize payments through a secure, user-friendly interface, with mandates processed and activated within 1-2 working days. LotusPay ensures same-day payout of collected funds and keeps clients informed of every new mandate, payment, and settlement through real-time notifications. The company generates revenue through service fees charged for its payment processing solutions. LotusPay's market includes banks, financial institutions, and other businesses requiring efficient and reliable recurring payment solutions. Key features include a web dashboard, API access, ready-made forms, and white-labeled payment pages, all designed to facilitate seamless integration and operation without the need for heavy technical setup.

Keywords: NACH Debit, recurring payments, fintech, banks, financial services, cloud-based, payment plans, subscriptions, mandates, seamless processing.