RocketPay Mandate-based collections Reviews & Product Details

RocketPay Collections is recurring payment collections software that helps NBFCs, microfinance institutions, credit cooperatives, distributors and SaaS businesses automate mandate-based collection in India through UPI Autopay and eNACH. Payment gateways handle the transaction. RocketPay adds the mandate management and workflow layer on top: configurable debit timing, non-cancellable UPI mandates built for lending, and automated handling of failed debits. Businesses can manage the full collection lifecycle in one place, from mandate setup and customer authorisation through scheduled debits, retries, penalties and settlement. Where it's used: loan EMI recovery, deposit collections, trade credit collections and subscription billing. Core capabilities - UPI Autopay and eNACH mandate creation through REST API, Android app or Tally plugin - Smart retry scheduling: reschedule failed debits to any future date from the dashboard or API - Non-cancellable UPI mandates and custom penalty automation on failed debits - Variable-amount mandates for progressive EMIs and custom repayment schedules - T+1 settlement on all successful collections Platform and integration - Bring Your Own PSP: works on top of your existing Razorpay, Cashfree or bank eNACH credentials, with no provider switch - Tally plugin for trade and MSME operators - Live in 48 hours after onboarding - Dedicated account manager and 24x7 support on all accounts Compliance and infrastructure - Operates on NPCI's UPI Autopay and eNACH rails - RBI-compliant mandate infrastructure - Automatic pre-debit notifications sent 24 hours in advance, with no setup required - Business KYC/KYB at onboarding