Bulk Payment

Modefin offers a flexible, complete and accurate bulk payment solution for banks to cater to the needs of corporate and government agencies. Our solution acts as a perfect platform that enables funds transfer on a large scale conveniently and securely to both registered and unregistered beneficiaries.

The bulk payment module automates the payment process significantly and supports complex working and handling all aspects of bulk payment processing with ease. Our solution helps banks to easily and quickly process bulk payments as per inputs received from clients. It comes with a configurable set-up that helps you to meet the customized needs of your customers and is enhanced further with state-of-the-art security features.

With a simple and intuitive user interface, your customers can get real-time visibility into all the payments within a single account. There is also provision for your customers to easily sort, filter and view reports of both processed and unprocessed payments.

Features

Enables your customers to make bulk payments using multiple modes including NEFT, RTGS, IMPS and is supported by a single payment file for all the modes.

It allows for easier bulk payments and requires no manual intervention.

Creation of transaction reports and audit trails

Supports Email & SMS notifications

Benefits

Eases the process of executing bulk payments

Helps to cut down on costs associated with cash and cheque payments

Reduces errors that occur due to manual processing of bulk payments

Ensures compliance with regulations

Accelerating the digital transformation of banks with intelligent & innovative digital banking solutions

Modefin offers a suite of ready-to-market digital financial products tailored to meet the needs of the banks and financial service providers and helping them to accelerate digital adoption.

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Modefin Clients

The meaning and depth of any business are valued considering the customers it has garnered. We at Modefin are grateful to our customers and clients whose patronage has helped us build on our efforts to succeed and give our best. These are the very persons, institutions and industries who vouch for our efforts and acclaim the reliability of our solutions. Our customer experience goals gain value when we receive affirmation of our efforts.