- The 'MandateHQ' is a payment interface which help card-issuing banks to enable recurring payments for their customers.
- The MandateHQ will be integrated with more than 50 banks in the next 12 months.
- It is an Application Programming Interface that is based on a plug-n-play solution. It will help to reduce go-live time for card-issuing banks.
- The payment interface will allow banks to implement RBI’s new framework to automate debit and recurring payments.
- It will help banks to manage, view, update, cancel, pause the processing of debits of mandates in an easy manner.
- Static Part:
- HQ of Razorpay: Bangalore
Question:
Q.1 Which company launched 'MandateHQ' a payment interface that helps card-issuing banks to enable recurring payments for its customers?
a. Razorpay
b. Mastercard
c. NPCI
d. Both (a) and (b)
a. Razorpay
b. Mastercard
c. NPCI
d. Both (a) and (b)
