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Indian Economy - Understanding the basics of Indian economic system

07-Jul-21

Razorpay partners with Mastercard to launch ‘MandateHQ’

Razorpay has partnered with Mastercard to launch ‘MandateHQ’. It is a payment interface that will help card-issuing banks to enable recurring payments for their customers.
It must be noted that the Reserve Bank of India had issued a framework for processing e-mandates on recurring online transactions. The product by Razorpay is a step in this direction.
The MandateHQ solution can be fully integrated with any bank within seven days.

By: Rohit Middha

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