Payment Solutions for Financial Institutions

Financial Services

As we get comfortable in the new normal, we have to adapt to many changes. But some things cannot stop. While customers cannot pause their financial investments, financial service providers cannot halt operations. Introducing SmartHub for Financial Services – a unique payment gateway for financial service providers to receive payments uninterruptedly!

With SmartHub Financial Services, entities like fund houses, insurance companies, and Chartered Accountants can continue receiving payments from customers. So if you are in this business, your payment processes can be suited to your needs.

Features

  1. Multiple Payment Collection Modes: With this payment solution for financial institutions, you can enable cashless payments for insurance premiums and mutual funds through Debit or Credit Cards, MPOS, UPI and e-wallets.
  2. Facility for standing instructions: Your customers can activate online standing instructions on their bank cards.
  3. Convenient and secure transactions: You can rest assured that all their offline and online transactions via SmartHub are safe.

Benefits

  • Send customised payment collection reminders via SMS
  • Share payment collection links via SMS
  • Reduce and manage overdue issues
  • Enable standing instructions facility for customers
  • Reduce the need to handle cash and cheques

FAQs

Do financial service providers need to open an HDFC Bank account to use SmartHub's payment solution?

Yes, to use the SmartHub Financial Services, you must register and open an HDFC Bank account.

How does SmartHub Financial Services benefit businesses?

SmartHub Financial Services makes payment collection and management more effortless. You can accept payments in real-time and reduce cash and cheques.

Why do I have to request my customers to pay only with Debit Cards for insurance premiums and mutual funds through SmartHub Financial Services?

Debit Card payments are authenticated via OTPs and PINs, making it safer for you and your customers.

Why should customers opt for online standing instruction on cards?

Opting for online standing instructions on cards enables your customer base to make payments, like mutual fund SIPs, without hassle. It ensures all payments are debited from their accounts on time, saving them from paying overdue.

What are the different payment collection modes for financial services customers?

Apart from cards, customers can pay through in-store payment systems like DigiPOS, Wireless Card Swipe Machines (GPRS) and Mobile Card Swipe Machines (mPOS).

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