Key features of IDFC FIRST Bank QR code :

· Instant credit to your Bank account for your collections

· Zero transaction cost for all UPI QR transactions

· Scan & collect your receivables -> Convert your cash collections to digital credits with simple UPI QR code 

· Privacy: No need of sharing Bank account number with anyone. Request funds using your UPI Id or QR code

· Compatibility of QR code to accept payments from all banks and apps

· Available 24*7*365 with instant settlement in your account

· Day end MIS with complete transaction details for reconciliation

· Insta Email alert for all credits --> No need to leave mobile phones at counters for credit SMS alerts

Click here to check UPI Terms & Conditions

Our user-friendly Virtual Accounts’ Solution helps you in differentiating between payments, their types, and their sources in a simple manner. It helps identifying remitter, purpose of payment with source information that eases collection reconciliation.

Key features of IDFC FIRST Virtual Accounts :

· Inward payments through NEFT / RTGS / IMPS /UPI modes supported from end customers

· Daily detailed MIS for reconciliation

· Embedded payer information in each account number

· Real-time alerts for incoming fund transfers and exceptions

· Privacy: No need of sharing Bank account number with anyone

Desktops, tablets, smartphone, whichever be the device, let your business offer the robustness and security of an online payment gateway. Give your business the opportunity to grow exponentially with a mobile optimised payments page.

This payment solution offers customization of your payment page to blend it with your brand guidelines, across multiple platforms, giving your customers a seamless experience. We , via our Payment Gateway partners , offer the most secure data protection technology available through a token system and vault card storage.

· Multi-currency acceptance

· Acceptance of all cards ( VISA , MASTERCARD , Amex , etc)

· Best in market MDR

· Issuable Standing instructions (SI)

Manage your scheduled collections across banks at ease with NACH Debit / electronic NACH Solutions

Gain control of your electronic collections through our National Automated Clearing House (NACH) Debit. It’s a collection solution that supports auto recovery from various banks at specific periodicity, varied amounts etc. as mandated by payer. This service helps you in monitoring your receivables through:

• Easy and convenient ways of mandate processing

• Simplified transaction file structures

• Event-based MIS and reports

• Online mandate and transaction file upload facility

Simplify the risks and complexities of commercial transactions. Our Escrow Management Services help you in handling assets, including cash, securities, documents, and other collaterals of your escrow bank account. These escrow services also facilitate secure settlement mechanisms. Within the terms and conditions mentioned in the escrow agreement, we offer the following services:

• Lending-linked debt servicing, DSRA, and default escrows

• External commercial borrowing-linked escrows

• Lease rental discounting escrows

• Escrows for receivables purchase and invoice discounting

• Bond/NCD servicing-linked escrows

• Capital market transactions

• E-commerce and payment facilitation

Make your business process future-ready with end-to-end digital solutions

Relieve yourself of tedious banking processes with our API banking and host to host payment  solutions. They organise your commercial operations by ensuring:

• End-to-end automation of the process

• Encryption based lifecycle

• Seamless file transfer

• All types of customization