eMudhra launches Aad­haar eSign-based dig­i­tal clear­ing for re­cur­ring pay­ments

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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 bar­ri­ers and bring about ef­fi­cient bank­ing for the cus­tomers.

Aad­haar eSign-based NACH man­date will of­fer con­sid­er­able ben­e­fits in terms of le­gal non-re­pu­di­a­tion, 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.

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