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Direct Debit

Are you tired of chasing overdue payments from your customers? LankaPay Direct Debit offers a streamlined solution for collecting payments from your clients promptly.

By encouraging your customers to set up Direct Debit mandates with their banks, you can initiate payment requests effortlessly. Whether it's recurring invoices, utility bills, or insurance premiums, Direct Debit ensures prompt payment collection without the hassle of manual follow-ups.

Joining hands with Direct Debit-enabled banks to optimize your payment collection processes. With a maximum customer charge of just Rs. 50/-, it's a cost-effective solution for your business.

Explore the advantages for business

Improved cash flow: Direct Debit streamlines payment collection by automatically deducting funds from your customers' accounts on specified dates. This ensures a steady and predictable cash flow for your business, reducing the need to chase overdue payments.

Reduced administrative hassle: With Direct Debit, there's no need for manual follow-ups or invoicing for recurring payments. This frees up your time and resources, allowing you to focus on core business activities rather than chasing payments.

Enhanced efficiency: By leveraging Direct Debit, you can automate the payment collection process, leading to greater efficiency and accuracy in managing your receivables. This eliminates the risk of human error associated with manual payment processing.

Customer convenience: Offering Direct Debit as a payment option provides convenience to your customers, enhancing their overall experience with your business. This can lead to increased customer satisfaction and loyalty.

Cost effectiveness: With a maximum customer charge of just Rs. 50/-, LankaPay Direct Debit offers a cost-effective solution for businesses of all sizes. This ensures that you can streamline your payment collection processes without incurring significant expenses.

Optimized relationship with financial institutions: Partnering with Direct Debit-enabled you to strengthen your relationship with financial institutions and optimizes your payment collection processes. This collaboration ensures smoother transactions and greater reliability in receiving payments from your customers.

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LankaPay is the national payment network of Sri Lanka which provides the central payment infrastructure to the country’s financial sector. With a mission to drive financial inclusivity and empower businesses and individuals with faster, convenient and secure payment options, making payment convenience an affordable and accessible choice for all.

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