An individual or a company, who needs to systematize and automates the payments
which occurs on regular basis, have to do it manually or can issue a mandate which
is a written instruction from a customer or company to the bank asking to automatically
debit the certain amount of money periodically.
Earlier, whether it is being done manually or issuing a mandate, was of more than
a month process where in a bank or company had to gather physical signed documents
from the customer and process them so that they can deduct specified amount from
the customer’s active bank account.
These documents gets a file number as an Unique Mandate Reference Number (UMRN)
on sharing with the government operating organization National Payments Corporations
of India (NPCI). Once this file number further shared with the customer’s bank,
then only bank can proceed for the payment automation. So this is an entire process
gets done which used to take about a month’s time and if there is any discrepancy
found in signature on a physical documents which happens very often could prolong
the process duration.
So is where ZipSign comes in the picture, when you’re with customers /clients and
the deals need to be closed soon, this online application becomes very helpful as
installing and configuring ‘do more clicks’ software wastes time. With Zipsign,
it’s easy to make format and get your documents signed in secured environment easily.