‘MandateHQ'—By Razorpay and Mastercard

Published on July 08, 2021
Current Context: Razorpay in partnership with Mastercard launched 'MandateHQ'.
‘MandateHQ'—By Razorpay and Mastercard
  • 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


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
d. Both (a) and (b)

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