Payments & Collections Transactions
Users can make payment using several protocols such as IMPS, UPI, NEFT, RTGS & Wallet payments. All payment lifecycle events such as initiation, status inquiry, refunds and reversals are supported.
Users can also request for payments by sending payment link for making a payment to a UPI VPA, to a virtual account number (by IMPS/NEFT) or an wallet to wallet transfer. One such specialised use case for requesting payments in splitting a bill amongst group of contacts.
Users can query past payments and collections and status of requests, send reminders for pending collections by SMS/email/In-app channels.
Payment framework allows us rapidly extend the Novopay system to support new payment & collection modes with ease by adding protocol specific adapters.