Direct Debit / eMandate
Direct Debit is recommended for business and billing organizations that enables recurring payments and automated collection. DirectDebit can be in form and online (eMandate). eMandate is same day processing and suitable for bulk payment collections. Direct Debit is more efficient collection method as it caters to wider.
Direct Debit Agent is a concept where the Agent acts as a middle party that refers potential Billers to the Biller Bank.
Biller Bank for Agent is a Biller Bank that appoints Agents to refer potential Direct Debit Billers to the bank for enrolment in Direct Debit. The Biller Bank for Agent may authorise the Agent to provide e-mandate service and prepare collection files on behalf of Billers. The Direct Debit Agent.