{"id":20185,"date":"2023-09-05T18:30:00","date_gmt":"2023-09-05T13:00:00","guid":{"rendered":"https:\/\/blogrevamp.cashfree.com\/?p=20185"},"modified":"2023-09-11T16:15:01","modified_gmt":"2023-09-11T10:45:01","slug":"how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/","title":{"rendered":"How UPI AutoPay Can Empower Your Microlending Business?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8f2c4dc6c82\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8f2c4dc6c82\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#UPI_AutoPay_for_Microlending\" >UPI AutoPay for Microlending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#Challenges_Faced_by_Lenders\" >Challenges Faced by Lenders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#Introducing_Non-Revocable_Mandates_of_UPI_AutoPay\" >Introducing Non-Revocable Mandates of UPI AutoPay<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#Implementing_UPI_AutoPays_Non-Revocable_Mandate_for_Microlending\" >Implementing UPI AutoPay&#8217;s Non-Revocable Mandate for Microlending<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#Summary\" >Summary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\"><em>This blog will highlight how the Non-revocable Mandate in UPI AutoPay can be a Game Changer for Microlending<\/em>. <em>Read on!<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NPCI (National Payments Corporation of India) introduced UPI AutoPay in 2020. It enabled users to automate their recurring payments with their favourite payment method &#8211; the UPI. With UPI AutoPay, users can set up their monthly or periodic bill payments like utility bills, mutual fund investments, membership charges, online subscriptions, and EMI and loan repayments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For lending establishments, it is additionally imperative to ensure that their borrowers do not default on the loan repayments. They can do this by preventing their borrowers from cancelling the payments. Cashfree helps you do that with Non-Revocable Mandates in UPI AutoPay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/blog\/what-is-upi-autopay\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Read more about UPI AutoPay here<\/mark><\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-upi-autopay-for-microlending\"><span class=\"ez-toc-section\" id=\"UPI_AutoPay_for_Microlending\"><\/span>UPI AutoPay for Microlending<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">UPI AutoPay allows borrowers to make their periodic payments like loan repayments and EMIs with UPI. Microlending platforms can use <a href=\"https:\/\/www.cashfree.com\/upi-autopay\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">UPI AutoPay<\/mark><\/strong><\/a> to ensure that the borrowers repay their loans on time while also ensuring a seamless user experience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loan repayments are commonly split into periodic payments (biweekly, monthly, quarterly, half-yearly or yearly) to reduce the financial burden on the borrower. Here, the borrowers make payments on a recurring basis. It is ideal to create a UPI AutoPay mandate if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Each transaction is below or equal to \u20b915,000<\/li>\n\n\n\n<li>Borrowers are active UPI users&nbsp;<\/li>\n\n\n\n<li>The lender wants to automate the loan repayments so that the borrowers cannot  cancel it<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">UPI AutoPay is advantageous to both the lender and the borrower. The lender gets timely payments and simultaneously the borrower can avoid loan defaults.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-challenges-faced-by-lenders\"><span class=\"ez-toc-section\" id=\"Challenges_Faced_by_Lenders\"><\/span>Challenges Faced by Lenders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Microlenders are a key part of the financial sector in India. <em>As of March 2023, NBFCs dominated the microfinance market with a portfolio share of 37.3%<\/em><sup><a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/nbfc\/nbfcs-dominate-microfinance-market-with-portfolio-share-of-37-3\/101538176#:~:text=A%20recent%20report%20by%20CRIF,played%20for%20the%20microfinance%20sector%3A&amp;text=NBFCs%20continue%20to%20dominate%20the,37.3%25%20as%20of%20March%202023.\" target=\"_blank\" rel=\"noreferrer noopener\">1<\/a><\/sup>. In the realm of lending, businesses, both large and small, often face a myriad of challenges. Among these, perhaps none is as pervasive and potentially detrimental as loan repayment defaults. Lenders face further consequences and challenges, a few of which we are listing below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-loan-defaults\">1. <strong>Loan Defaults<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Loan defaults can occur due to a million reasons. For example, insufficient balance in the linked account, financial difficulties, intention of fraud, or even forgetting to pay on the day the amount is due. On the other hand, loan defaults are more likely to happen if the payments are not automated.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-high-operational-cost-s\">2. <strong>High Operational Cost<\/strong>s<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the event of loan defaults, the lending organisations are compelled to allocate significant time and resources towards collecting the outstanding amounts. Likewise, in the case of repeated defaults, lenders may even find it necessary to take a legal course of action. This undertaking incurs substantial expenses and also takes a significant amount of time and effort, all without assured outcomes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-actualisation-of-credit-risk\">3. <strong>Actualisation of Credit Risk<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Credit risk is the probability of financial loss that the lender can incur due to loan defaults by the borrower. Loan defaults lead to a financial loss for the lender if the value of the collateral security falls short of the expected sum.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-irregular-cash-flows\">4. <strong>Irregular Cash Flows<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Repeated loan defaults lead to irregular cash flows. As a result, this increases the risk of financial loss for the lending organisation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-competitive-disadvantage\">5. <strong>Competitive Disadvantage<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the event of financial losses and irregular cash flows, the liquidity risk &#8211; the mismatch between the assets and liabilities &#8211; will grow. Therefore, this puts the lenders in a financially tenuous position with their investors potentially damaging their reputation in the market.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-introducing-non-revocable-mandates-of-upi-autopay\"><span class=\"ez-toc-section\" id=\"Introducing_Non-Revocable_Mandates_of_UPI_AutoPay\"><\/span>Introducing Non-Revocable Mandates of UPI AutoPay<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cashfree.com\/upi-autopay\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">UPI AutoPay<\/mark><\/strong><\/a> usually gives the end user\/payer the option of cancelling or pausing their mandates from their UPI app. Now, with Cashfree\u2019s UPI AutoPay, the mandates can be set as &#8216;non-revocable&#8217; for loan repayments and EMI collections.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The term &#8216;non-revocable\u2019 means that customers cannot initiate cancellation or pause their mandates through their UPI app. <em>NPCI<\/em><sup><a href=\"https:\/\/www.npci.org.in\/PDF\/npci\/upi\/circular\/2022\/OC-125A-Addendum-to-OC-125-Non-revocation-of-UPI-AUTOPAY-mandate-for-loan-repayment-and-EMI-collection-category.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">2<\/a><\/sup> introduced Non-revocable mandates in July 2022. This is to prevent defaults on payments that fall under \u2018Promise to pay a debt or liability\u2019.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-why-upi-autopay-with-cashfree\">Why UPI AutoPay with Cashfree?<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Instant Mandate Creation:<\/strong> Borrowers can authorise and schedule future payments of up to \u20b915,000. All they need to do is complete a one-time authentication on any UPI app within 10 seconds.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Automatic Payment Scheduler: <\/strong>With Cashfree\u2019s payment scheduler, it is possible to schedule weekly, bi-weekly, monthly, quarterly, half-yearly, and annual payments. One can also devise a custom payment plan with fixed amounts.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>High Success Rate: <\/strong>UPI AutoPay minimises customer drop-offs. It offers a 35% higher success rate as compared to other recurring payment methods.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Third-Party Validation: <\/strong>With Cashfree, lenders can authorise UPI mandates only on KYC-approved bank accounts to avoid payment failures.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Non-revocable Mandate Creation:<\/strong> Ideally, the Pause\/Cancel button should not be visible in the UPI apps for active mandates if they are non-revocable. Given that not all TPAPs have yet integrated these modifications, Cashfree takes measures to ensure that even if a customer attempts to click the Cancel\/Pause button, they will encounter an error message indicating that this action is not permitted.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-advantages-of-non-revocable-mandates\">Advantages of Non-Revocable Mandates<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Implementing non-revocable mandates in UPI AutoPay reduces the risk of loan defaults for microlenders and NBFCs by a huge margin. Let\u2019s take a look at some of the benefits that non-revocable mandates bring with them:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-1-reduced-default-rates\">1. Reduced Default Rates<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">With non-revocable mandates, the risk of loan defaults goes down by a large percentage. UPI AutoPay ensures consistent and automatic payments. On the other hand, the non-revocable mandate ensures that the borrower cannot cancel or pause the payments.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-2-enhanced-efficiency\">2. Enhanced Efficiency<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Non-revocable mandates in UPI AutoPay automate the complete payment process for loan repayment and EMI collection. Moreover, they entirely eliminate the risk of the payer cancelling or pausing their payments. For lending businesses, this means fewer loan defaults, automation of processes and lower operational inefficiencies.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-3-compliance-and-security\">3. Compliance and Security<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Defaulting on a loan repayment or an EMI is considered an offence committed by the loan defaulter under Section 25 of the Payment Settlement Act, 2007. Non-revocable mandates help the borrowers to be compliant with this Act. At the same time, it also protects the rights of the lenders where borrowers have to repay any loans that the lenders have provided.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-4-improved-user-experience-and-trust-nbsp\">4. Improved User Experience and Trust&nbsp;<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">UPI AutoPay simplifies the <a href=\"https:\/\/www.cashfree.com\/recurring-payment\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">recurring payments<\/mark><\/strong><\/a> for loans and EMIs for the borrowers. Using UPI to automate the payments gives a seamless payment experience that provides the payers with both convenience and reliability.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-implementing-upi-autopay-s-non-revocable-mandate-for-microlending\"><span class=\"ez-toc-section\" id=\"Implementing_UPI_AutoPays_Non-Revocable_Mandate_for_Microlending\"><\/span>Implementing UPI AutoPay&#8217;s Non-Revocable Mandate for Microlending<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">From an implementation perspective, UPI AutoPay is the easiest of all recurring payment methods. The payers can set up UPI AutoPay in seconds with just two steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Choose the UPI app or end the UPI ID<\/li>\n\n\n\n<li>Approve a transaction by entering the UPI pin (This is a one-time authorisation)<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Future recurring payments are deducted automatically from the borrower\u2019s account without any user intervention.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a lender, your role is to set the Revocable Flag as \u201cN\u201d during the mandate creation process. This would remove the cancel\/pause options for the borrower once the mandate is created. Lenders should also make sure to educate the borrowers on non-revocable mandates to ensure transparency and clear communication.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-summary\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span>Summary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Preventing loan defaults is not just the borrower\u2019s responsibility; it is a shared responsibility of both the lender and the borrower. By giving your customers multiple payment options, you are ensuring a seamless experience. Thus, you are paving the path for repeat customers. UPI AutoPay not only automates your loan repayment cycles, it also helps you prevent loan defaults with features like non-revocable mandates and Third-Party Validation (TPV).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Want to learn more about UPI AutoPay or recurring payments? Get in touch with the Cashfree team now\u2192<a href=\"https:\/\/www.cashfree.com\/contact-sales\/?source-action=Home%20page&amp;action=Contact%20Sales&amp;button-id=ContactSales_Hero\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">Contact sales<\/mark><\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-can-the-lender-cancel-a-non-revocable-mandate\">Can the lender cancel a non-revocable mandate?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The lending company can cancel a non-revocable mandate by connecting with the Acquiring Bank. However, the borrowers\/payers cannot cancel the mandate once it is created.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-when-should-a-lender-choose-upi-autopay-mandates-over-e-mandates\">When should a lender choose UPI AutoPay mandates over e-Mandates?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A lender should choose <a href=\"https:\/\/www.cashfree.com\/upi-autopay\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">UPI AutoPay<\/mark><\/strong><\/a> instead of e-Mandate to automate their loan repayments in the following cases:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The transaction amount is less than or equal to 15000 rupees. If the transaction amount is higher, then <a href=\"https:\/\/www.cashfree.com\/enach\/?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=how-non-revocable-mandate-of-upi-autopay-empowers-your-microlending-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\">e-Mandate<\/mark><\/strong><\/a> (transaction limit of 50 lakhs) would be the best option to go with<\/li>\n\n\n\n<li>The borrowers are not willing to share their net banking or card details. UPI AutoPay requires just the UPI ID of the payer<\/li>\n\n\n\n<li>You want to hasten your mandate-creation process. It takes seconds to create UPI mandates while it takes 24 hours to create e-Mandates<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Read on how Non-revocable mandates can help your microlending business to get rid of defaulters. Automate payments with UPI Autopay!<\/p>\n","protected":false},"author":89,"featured_media":20249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1,1383],"tags":[1444,1522,5940,1381,1397,1402,1401,5761,1385,1414,1416,1384,1440],"class_list":["post-20185","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all","category-payments","tag-accepting-upi-payments","tag-cashfree-payments","tag-emi","tag-payment-solution","tag-payments","tag-recurring-payments","tag-subscription","tag-subscriptions","tag-upi","tag-upi-autopay","tag-upi-emandate","tag-upi-india","tag-upi-payments-for-businesses"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Non-Revocable Mandate of UPI Autopay for Microlending Business<\/title>\n<meta name=\"description\" content=\"Read on how Non-revocable mandates can help your microlending business to get rid of defaulters. 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