Business owners often extend credit to their customers, creating a risk of delayed or missed payments.    

Withthe ‘GET MY MONEYBACK’ feature, they can set up an e-mandate that automatically debits the outstanding credit amount from the customer’s bank account on the due date.    

Thefunds are directly transferred into the business owner’s current account, streamlining collections and improving cash flow.    

Lending money to friends or family can sometimes lead to repayment uncertainties.   

Before transferring funds, the lender can create an e-mandate agreement with the borrower.   

Onceapproved, the repayment amount is automatically debited from the borrower’s account, ensuring a secure and stress-free process for personal monetary help.