Technical overview of recurring payments using e-NACH and UPI v2
Recurring billing has been difficult in India for a while. There’s lengthy paperwork and the terms are not flexible. ECS changed that by simplifying the sign-up process. With NACH, the approval process moved online, but largely remained the same workflow.
The talk will take a deep technical dive into how the payment flows work with the upcoming UPI v2 release and e-mandates with e-NACH.
- Introduction to recurring billing and why it has been difficult in India
- ECS and NACH - success stories and what is lacking?
- UPI v2
- How to build apps with UPI v2 recurring billing
Atma Krishna, LotusPay