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Hey, Cashfree Payments aficionados! Welcome to our latest product updates, the August 2023 edition. As we always strive to give you the best, this month was no different. From QR-powered subscription magic and introducing all-in-one escrow to a developer’s dream come true, we worked on a bunch of exciting things in the last few weeks at Cashfree Payments.
So, here are some of the top stories.
What’s New in Collections
Let us walk you through some of the coolest product updates from August that we rolled out in ‘Collections’.
AutoPay on QR powered by NPCI
The first among ow, with our new product update from August, enable UPI AutoPay on QR (powered by NPCI). Convert 10% more users from both your digital and print ads effortlessly. Let them scan the QR right off the ad and set up their UPI mandates. Voilà! No more multiple steps. Just pure, uninterrupted subscriptions. This not only makes collections easier but ensures a seamless flow of money to businesses.
New & Improved Developer Experience
So, this one is for all the tech wizards! We’ve refined our platform to give you an even smoother experience. With detailed API logs and metrics, a Webhooks panel, a rate limits dashboard, and an integration tracker, you’re in for a treat. Welcome to India’s most developer-friendly payment journey!
Disbursals’ Updates
All-in-One Escrow [Coming Soon]
We are soon coming up with our latest product update – One Escrow. Crafted by industry leaders in Payouts, our platform will be your ‘Trusted Partner’ for All-in-One Escrow Services. Our plug-and-play escrow platform will have a single, unified dashboard for you to manage all your escrow accounts, Moreover, you can also manage the SEBI-backed trusteeship and the preferred bank partner!
Curious?
Verification Suite
Reverse Penny Drop
Now, simplify the user’s bank account verification using the power of UPI.
✅ Users can verify the bank account with any installed UPI app
✅ They can do a quick 1 rupee test transaction
Not only is the verification done, but you also get all the deets/details – account holder name, account number, and IFSC!
So, make account verifications a breeze for your users.
One Click SDK [Early Access]
Bank account verification becomes all the more easier. Integrate our powerful APIs with your mobile app and automate KYC, reducing drop-off by more than 75%. Thus, now you can verify any individual’s or business’s identity without writing a code.
✅ Verify PAN, GSTIN, Aadhaar, Bank account details, UPI ID, etc.
✅ No sensitive data exposure to any 3rd party
Conclusion
Alright, that’s the roundup of product updates from August! We’re working day in and out to take your Cashfree Payments experience to newer heights. We will soon be coming up with more upgrades, updates and launches. So, stay tuned.
Till next time, keep collecting, disbursing, and soaring!
Cheers to seamless payments, Your Cashfree Payments Team 🚀
