Economic Times: emudhra will let you give permits for your recurring payments digitally

Transcription

1 NACH Mandate The Mint NACH Mandate ET NACH Mandate Economic Times: emudhra will let you give permits for your recurring payments digitally Financial Express: emudhra launches Aadhaar esign-based gateway to help enterprises collect recurring payments from customers DataQuest: emudhra Launches Aadhaar esign-based NACH Mandate Gateway Indiagist: emudhra launches Aadhaar esign-based gateway to help enterprises collect recurring payments from customers The Paypers: emudhra enables SMEs to collect recurring payments digitally CIO&Leader: EMudhra Launches AADHAAR ESign-Based Solution CIOL: emudhra launches Aadhaar esign-based digital clearing for recurring payments Tele.net: emudhra launches Aadhaar esign-based NACH mandate gateway IBEF: emudhra launches Aadhaar-based digital payment system Var India: emudhra launches esign-based NACH gateway for enterprises egov Magazine - BFSI Elets - emudhra introduces Aadhaar enabled e-payment gateway Inc42, - EMudhra Launches Aadhaar ESign-Based NACH Mandate Gateway

2 emudhra launches Aadhaar-based digital payment system emudhra, a technology, digital identity and transaction management company, on Tues-day announced the nationwide launch of its Aadhaar esign-based National Automated Clearing House (NACH) gateway for large and small enterprises to collect recurring pay-ments from customers. The new initiative from emudhra is aimed at helping slash costs for enterprises and to bring about accountability in payment processes, said V. Srinivasan, chairman, emudhra. With NACH, the company, which is a certifying authority in India to issue digital signature certificates, aims to facilitate paperless electronic transactions which are repetitive and periodic in nature. Under emudhra s digital signature system, a customer can authenticate a payment pro-cess with a one-time password (OTP), which will be sent to the mobile number linked to his/her Aadhaar number, while initiating a purchase with recurring payments. An alter-native to the OTP is the usage of the biometric fingerprint scanner. With its latest initiative, emudhra expects to cut down 95% of transaction-related costs. It will also bring in efficient banking for the customers. Let s say you go to a white goods shop to purchase something on instalment. The entire thing was done on paper. With this, customers can just e-sign and it will be processed through NACH for verification. Our role is to authenticate the documents (online), said Srinivasan. Srinivasan pointed out that the digital payment system is highly secure, and that one cannot alter a digital signature. The esign based NACH mandate will off er huge benefits in terms of legal non-repudiation, significantly lower costs and eliminate errors since the entire process is now digital, he said. About half-a-dozen banks, including Oriental Bank of Commerce, Punjab National Bank and Syndicate Bank, have tied up with emudhra s NACH, he added. We have already started working with them (to set up the new service), Srinivasan said, adding the prod-uct took 8-9 months to complete. The company will handle between million transactions in the next one year, said a press release from the company.

3 emudhra will let you give permits for your recurring payments digitally Going one step further beyond complete electronic loan disbursal it is now time for initiation of paperless auto debit facility as well for customers thereby taking the complete process digital. emudhra which manages digital identity and transaction for customers has launched Aadhaar esign based authentication for NACH (National Automated Clearing House) mandate with National Payments Corpora-tion of India for large and small enterprises to collect recurring payments from their customer This will help organisations bypass the requirement of wet signature for customers which can allow entities to deduct recurrent payments from their accounts. This could disrupt the finance process by taking it completely paperless, reduce cost and even increase accountability in the payment process. 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 NPCI and various central and state government bodies to help simplify payments and bring about digital inclusive-ness, said V Srinivasan, chairmanof emudhra. The biggest advantage of a paperless authentication is that it removes geographical barriers, ensure efficient banking for customers and also reduce transaction costs for the corporates. Srinivasan said that emudhra has been working with several banks in this initiative and expects to handle over 25 to 30 million transactions in the next one year. This partnership would enable banks, insurance companies, mutual funds, fintech firms to collect payments withosubmission of physical forms Currently we are working with 22 partners across destination banks, sponsor banks and corporates who can avail this facility. By the end of the year, we plan to work with at least 100 partners, said Srinivasan. In order to complete the esign verification process, customers will interact with the bank, the insurance company or other corporates like a telecom company through their website to initiate a mandate. The customer will be redirected to e-mudhra's mandate gateway to complete esigning of the mandate. esign verification process, customers will interact with the bank, the insurance company or other corpo-rates like a telecom company through their website to initiate a mandate. The customer will be redirected to e- Mudhra's mandate gateway to complete esigning of the mandate. Read more at: contentofinterest&utm_medium=text&utm_campaign=cppst

4 emudhra launches Aadhaar esign-based gateway to help enterprises collect recurring payments from customers The esign-based NACH will aim at facilitating paperless electronic transactions which are repetitive and periodic in nature, simplifying activation time for all parties. In a bid to help large and small enterprises to collect recurring payments from their customers aimed at slashing costs and bringing about accountability in payment process-es emudhra has announced the launch of an Aadhaar esign-based gateway called National Automated Clearing House. E-Mudhra is a leading player in the secure digital identity and transaction management space. This solution will aim at facilitating paperless electronic transactions which are repetitive and periodic in nature, simplifying activation time for all parties. 95% of transaction-re-lated costs will now be slashed, making it one of the most comprehensive and time-sav-ing propositions for enterprises. The solution will also remove geographical barriers and bring about efficient banking for the customers, the company said in a press release here. emudhra has been a pioneer in bringing new innovations to the market and fully sup-ports the government s Digital India vision. The esign-based NACH is one such transfor-mational initiative that is expected to drive huge cost savings to the ecosystem and pro-mote the drive to move digital and cashless. We re working with the NPCI and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new off ering is going to bring about huge cost savings and reduce massive complexities across multiple players, emudhra chairman V Srinivasan said. emudhra has been working with several banks in this transformational initiative and expects to handle over 25 to 30 million transactions in the next one year. The company wants to enable large and small enterprises such as banks, financial institutions, insur-ance companies, mutual funds, fintech firms, etc. to collect recurring payment instruc-tions from customers without the need for submitting physical forms and go paperless. Any such organization can avail this facility from emudhra in less than 30 minutes, it claims.

5 emudhra's Digital Solutions help State Government offices go paperless emudhra, a market leader in digital identity and transaction management, announced today that it has joined hands with over 15 State Governments to help them go digital as part of the e-governance initiatives. Using emudhra's esign and Digital Signatures, eoffice applications, issuance of various certificates such as Life, Marriage Encumbrance Certificates and so on, have been made paperless resulting in the ability to do faceless, paperless transactions. Under the initiative, emudhra has enabled AADHAAR esign and digital signature-based signing to various government officers in several districts of these states. This has facilitated paperless employee logins, leave requests, memos and official document signing. The digital signatures provided by emudhra ensure that the document cannot be tam-pered with, reduces process delays, and eliminates the need to print paper, scan and fax. In addition, approvals can now be obtained remotely assuring faster turnaround times in decision making. "Technology has transformed all sectors in the economy and we understand the importance it plays in increasing our own productivity. The digitisation of all administration is a step towards efficient and transparent governance. emudhra's digital signature solu-tion uplifts the e-office plan and has managed to eradicate voluminous paper flow, bring in accountability in government offices and most importantly, reduce the carbon foot-print in various states," said V. Srinivasan, Founder Chairman, emudhra. Government offices follow a paper based administration for all its internal processes which became a bottleneck for efficient administration. To fast-track the process and accelerate the service delivery mechanism, the state governments looked to emudhra to off er solutions in digitally transforming its operations. "We are greatly honoured to collaborate with the various states and being part of their vision of creating a Digital India. emudhra has always been striving hard to provide smooth transitions for all enterprises in going digital," added Srinivasan. A digital signature is a legally valid electronic form of a signature that can be used to authenticate the identity of the sender of a message or the signer of a document, and ensure that the original content of the message or document that has been sent is unchanged. The signature is legally valid under the Information Technology Act.

6 emudhra Launches Aadhaar esign-based NACH Mandate Gateway Mudhra, the secure digital identity and transaction management space, 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% of transaction relat-ed 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. emudhra has been a pioneer in bringing new innovations to the market and fully sup-ports the government s Digital India vision. An esign-based NACH is one such transfor-mational initiative that is expected to drive huge cost savings to the ecosystem and pro-mote the drive to move digital and cashless. We re working with the NPCI and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new off ering is going to bring about huge cost savings and reduce massive complexities across multiple players, emudhra s Chairman V. Srinivasan said. As a market leader, emudhra has been working with several banks in this transforma-tional initiative and expects to handle over 25 to 30 million transactions in the next one year. In line with its thought leadership initiatives to support Digital India, the company wanted to enable large and small enterprises such as banks, financial institutions, insur-ance companies, mutual funds, fintech firms, etc. to collect recurring payment instruc-tions from customers without the need for submitting physical forms and go paperless. Any such organization can avail this facility from emudhra in less than 30 Minutes. AADHAAR esign based NACH mandate will off er huge benefits in terms of legal non-repudiation, significantly lower costs and eliminate errors since the entire process is now digital.

7 emudhra launches Aadhaar esign-based gateway to help enterprises collect recurring payments from customers The esign-based NACH will aim at facilitating paperless electronic transactions which are repetitive and periodic in nature, simplifying activation time for all parties. The post emudhra launches Aadhaar esign-based gateway to help enterprises collect recurring payments from customers appeared first on The Financial Express. This post was syndicated from The Financial ExpressThe Financial Express. Click here to read the full text on the original website.

8 emudhra enables SMEs to collect recurring payments digitally emudhra has rolled out an Aadhaar esign based authentication for NACH (National Automated Clearing House) mandate. emudhra is a licensed Certifying Authority (CA) of India issuing digital signature certifi-cates. As part of the deal, large and SMEs are now able to collect digitally recurring pay-ments from their customers. This will help organisations bypass the requirement of wet signature for customers, which can allow entities to deduct recurrent payments from their accounts. Furthermore, this could disrupt the finance process by taking it com-pletely paperless, reduce cost and even increase accountability in the payment process. emudhra has been working with several banks in this initiative and expects to handle over 25 to 30 million transactions in This partnership would enable banks, insur-ance companies, mutual funds, fintech firms to collect payments without submission of physical forms. In order to complete the esign verification process, customers will interact with the bank, the insurance company or other corporates like a telecom company through their web-site to initiate a mandate. The customer will be redirected to e-mudhra's mandate gate-way to complete esigning of the mandate. -to-collect-recurring-payments-digitally/

9 EMudhra Launches AADHAAR ESign-Based Solution esign-based NACH is one such transformational initiative emudhra, a secure digital identity and transaction management company, announced the launch of Aadhaar esign-based National Automated Clearing House (NACH) gate-way, for large and small enterprises to collect recurring payments from customers, help-ing 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% of transaction relat-ed 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. emudhra has been a pioneer in bringing new innovations to the market and fully sup-ports the government s Digital India vision. An esign-based NACH is one such transfor-mational initiative that is expected to drive huge cost savings to the ecosystem and pro-mote the drive to move digital and cashless. We re working with the NPCI and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new off ering is going to bring about huge cost savings and reduce massive complexities across multiple players, emudhra s Chairman V. Srinivasan said. emudhra has been working with several banks in this transformational initiative and expects to handle over 25 to 30 million transactions in the next one year. In line with its thought leadership initiatives to support Digital India, the company wanted to enable large and small enterprises such as banks, financial institutions, insurance companies, mutual funds, fintech firms, etc. to collect recurring payment instructions from custom-ers without the need for submitting physical forms and go paperless. Any such organiza-tion can avail this facility from emudhra in less than 30 minutes. AADHAAR esign based NACH mandate will off er huge benefits in terms of legal non-repudiation, significantly lower costs and eliminate errors since the entire process is now digital.

10 emudhra launches Aadhaar esign-based digital clearing for recurring payments BANGALORE, INDIA: Digital identity and transaction management solutions provider, emudhra has launched Aadhaar esign-based National Automated Clearing House (NACH) gateway with National Payments Corporation of India (NPCI) which aims to help large and small enterprises to collect recurring payment instructions from customers without the need for submitting physical forms. The solution aims to facilitate paperless electronic transactions which are repetitive and periodic in nature simplifying activation time for all parties, remove geographical barri-ers and bring about efficient banking for the customers. Aadhaar esign-based NACH mandate will off er considerable benefits in terms of legal nonrepudiation, significantly lower costs and eliminate errors since the entire process is now digital. About 95% of transaction related costs will now be slashed, making it one of the most comprehensive and time saving proposition for enterprises, said the company. 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 NPCI and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new off ering is going to bring about huge cost savings and reduce massive complexities across multiple players, said emudhra s Chairman V. Srinivasan. emudhra has been working with several banks in this transformational initiative and expects to handle over million transactions in the next one year.

11 emudhra launches Aadhaar esign-based NACH mandate gateway emudhra has announced the launch of Aadhaar esign-based National Automated Clear-ing House (NACH) gateway, for large and small enterprises to collect recurring payments from customers, helping slash costs and bring about accountability in payment process-es. 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 transac-tion 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 barri-ers 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 todrive 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 cen-tral andstate government bodies to help simplify payments and bring about digital inclusiveness. Ournew off ering is going to bring about huge cost savings and reduce massive complexities acrossmultiple players.

12 emudhra launches Aadhaar-based digital payment system Hyderabad: emudhra, a technology, digital identity and transaction management company, on Tues-day announced the nationwide launch of its Aadhaar esign-based National Automated Clearing House (NACH) gateway for large and small enterprises to collect recurring payments from customers. The new initiative from emudhra is aimed at helping slash costs for enterprises and to bring about accountability in payment processes, said V. Srinivasan, chairman, emudhra. With NACH, the company, which is a certifying authority in India to issue digital signature certificates, aims to facilitate paperless electronic transactions which are repetitive and periodic in nature. Under emudhra s digital signature system, a customer can authenticate a payment process with a onetime password (OTP), which will be sent to the mobile number linked to his/her Aadhaar number, while initiating a purchase with recurring payments. An alternative to the OTP is the usage of the biometric fingerprint scanner. With its latest initiative, emudhra expects to cut down 95% of transaction-related costs. It will also bring in efficient banking for the customers. Let s say you go to a white goods shop to purchase something on instalment. The entire thing was done on paper. With this, customers can just e- sign and it will be processed through NACH for verification. Our role is to authenticate the docu-ments (online), said Srinivasan. Srinivasan pointed out that the digital payment system is highly secure, and that one cannot alter a digital signature. The esign based NACH mandate will off er huge benefits in terms of legal non-repu-diation, significantly lower costs and eliminate errors since the entire process is now digital, he said. About half-a-dozen banks, including Oriental Bank of Commerce, Punjab National Bank and Syndi-cate Bank, have tied up with emudhra s NACH, he added. We have already started working with them (to set up the new service), Srinivasan said, adding the product took 8-9 months to complete. The company will handle between million transactions in the next one year, said a press release from the company. Digital payment gateways are secure and linking of bank accounts with Aadhaar card will in fact prevent misuse and help in authentication. The same system is being used on other platforms as well, said Anusha Kurupathi Parambil, co-founder and chief executive officer (CEO) of Hyder-abad-based Paymatrix (owned by Speckle Internet Private Ltd), a start-up which provides solutions for online property rent management. An analyst with experience in the digital payments sector, who was unwilling to be named, however, pointed out that there is the issue of protecting customer data once it is collected. Recently, Aadhaar data was leaked easily. Though the payments are secure, we don t yet know how safe the (customer) information will be once it is collected by companies like emudhra, as it can be leaked as well, he added. In response, a company representative said, In the process of signing mandates, the customer data is retained by Banks and other originating agencies such as Insurance Companies, Telecom Provid-ers, etc. emudhra only issues esign for the NACH mandate based on a regulated process where only the hash of the message is used and not the actual data. emudhra does not collect, store or process any customer information as part of the esign process, so there s no question of data being leaked.

13 emudhra launches esign-based NACH gateway for enterprises emudhra has announced the launch of Aadhaar esign-based National Automated Clear-ing House (NACH) gateway, for large and small enterprises to collect recurring payments from customers, helping slash costs and bring about accountability in payment process-es. This solution will aim to facilitate paperless electronic transactions which are repetitive and periodic in nature simplifying activation time for all parties. 95% of transaction relat-ed 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. emudhra has been a pioneer in bringing new innovations to the market and fully sup-ports the government s Digital India vision. An esign-based NACH is one such transfor-mational initiative that is expected to drive huge cost savings to the ecosystem and pro-mote the drive to move digital and cashless. We re working with the NPCI and various central and state government bodies to help simplify payments and bring about digital inclusiveness. Our new off ering is going to bring about huge cost savings and reduce massive complexities across multiple players, emudhra s Chairman V. Srinivasan said. As a market leader, emudhra has been working with several banks in this transforma-tional initiative and expects to handle over 25 to 30 million transactions in the next one year. In line with its thought leadership initiatives to support Digital India, the company wanted to enable large and small enterprises such as banks, financial institutions, insur-ance companies, mutual funds, fintech firms, etc. to collect recurring payment instruc-tions from customers without the need for submitting physical forms and go paperless. Any such organization can avail this facility from emudhra in less than 30 Minutes. AADHAAR esign based NACH mandate will off er huge benefits in terms of legal non-repudiation, significantly lower costs and eliminate errors since the entire process is now digital. Tags: emudhra launches esign-based NACH gateway, emudhra, nach gateway, nach, national automated clearing house, aadhar, varindia, digital india

14 AADHAAR emudhra introduces Aadhaar enabled e-payment gateway In a bid to promote the use of digital currency, technology and transaction based brand emudhra has launched it s Aadhaar esign-based National Automated Clearing House (NACH). This platform would act as a gateway for large and small enterprises in helping them to collect recurring payments from its consumers. The new initiative from emudhra is aimed at helping slash costs for enterprises and to bring about accountability in payment processes, said V. Srinivasan, Chairman, emudhra. With NACH, emudhra is pledging to promote cashless electronic transactions. This service will enable the customer to authenticate a payment process with the help of a one-time password (OTP) that will be provided to the mobile number synced with her/his Aadhaar number. The customer can also opt for a biometric fingerprint scanner instead of using the OTP service. The brand is expecting a slash of 95 per cent in its transaction related expenses. It will also bring in efficient banking for the customers. Let s say you go to a white goods shop to purchase something on instalment. The entire thing was done on paper. With this, customers can just e-sign and it will be processed through NACH for verification. Our role is to authenticate the documents (online), said Srinivasan. The esign based NACH mandate will off er huge benefits in terms of legal non-repudiation, significantly lower costs and eliminate errors since the entire process is now digital, he said. Several renowned brands namely Oriental Bank of Commerce, Punjab National Bank and Syndicate Bank, have partnered up with emudhra s NACH. We have already started working with them (to set up the new service), explained Srinivasan. The company is expected to execute between million transactions in the next one year.

15 EMudhra Launches Aadhaar ESign-Based NACH Mandate Gateway Aadhaar esign-based National Automated Clearing House (NACH) gateway has been launched 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. emudhra expects to handle over 30 Mn transactions, or more than quarter of the total volume.