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LotusPayRecurring payments solution for businesses in India.

LotusPay was acquired by Juspay in Jan 2024. LotusPay is the recurring payments solution for businesses in India. We enable our clients to quickly and easily collect payments directly from their user's bank accounts via paperless NACH Debit. LotusPay is perfect for collecting loan repayments, membership fees, subscription and billing, recurring donations, tuition fees - any kind of regular or irregular payment, be it a fixed amount or variable amount. LotusPay is backed by Y Combinator.

2017-05-04
Acquired
Early
S17
5
Fintech
IndiaSouth Asia
LotusPay screenshot
More About LotusPay

LotusPay - Collect Recurring Payments via eNACH

Introduction

LotusPay enables businesses to automatically collect recurring payments from customers' bank accounts using NACH Debit eMandates. Our platform supports eNACH via net-banking, debit card, Aadhaar eSign, and physical scan mandates.

Key Features

  • Easier: Manage customers, plans, subscriptions, payments, and settlements through a simple dashboard or API.
  • Faster: Quick setup to start receiving predictable cash flow without customer authorization for each payment.
  • Safer: Direct debit from customers' bank accounts with military-grade data security.
  • Cheaper: Lower fees compared to traditional payment gateways for cards and other methods.

Use Cases

  • Subscription Services: Automate recurring billing for subscription-based businesses.
  • Utility Payments: Streamline the collection of regular utility payments.
  • Loan Repayments: Simplify the process of collecting loan repayments.
  • Membership Fees: Efficiently manage and collect membership dues.

Pricing

LotusPay offers competitive pricing, a fraction of the fees typically charged by payment gateways. Contact our sales team for detailed pricing information tailored to your business needs.

Teams

LotusPay powers NACH Debit recurring payments collection for leading banks and financial services companies in India. Our team is dedicated to making payments easy, fast, safe, and affordable for businesses. We work with top sponsor banks like Axis Bank, ICICI Bank, IDFC FIRST Bank, IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, and Yes Bank to ensure seamless payment collection.

Make payments collection your competitive advantage with LotusPay.