> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-881012b3.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Banking, Financial Services & Insurance

> Explore Razorpay's BFSI solutions to streamline transactions and enhance security with seamless integration and real-time analytics for superior service and growth.

<div style={{display:"flex",flexWrap:"wrap",alignItems:"center",gap:"0.35rem 0.9rem",border:"1px solid rgba(128,128,128,0.28)",borderRadius:"0.5rem",padding:"0.45rem 0.75rem",margin:"0 0 1.25rem",fontSize:"0.875rem"}}>
  <span style={{fontWeight:600}}>Available in</span>
  <span>🇮🇳 India</span>
  <span>🇸🇬 Singapore</span>
</div>

Razorpay provides comprehensive payment solutions that solve unique challenges across the lending, wealth management and insurance sectors. Following is the use case and recommended products.

## Manage Collections

Payment failures in financial services can result in significant revenue loss, with over 50% of customers dropping off if payments fail on the first attempt. Our suite of intelligent features is built to address this and provide best-in-class success rates. Following are the recommended products:

<Tabs>
  <Tab title="Payment Gateway">
    * Integrate with a wide coverage of SDKs and plugins for popular marketplaces like Shopify, WooCommerce, and more.

    * Access 100+ payment methods including UPI, Cards (debit and credit), EMI, Netbanking, International Payments, Wallet, Pay Later, and more.

    * Quickly recoup 15% of your failed payments on the first attempt with seamless and intuitive retry.

    Know more about [Payment Gateway](/docs/payments/payment-gateway).
  </Tab>

  <Tab title="Payment Links">
    * Share Payment Links via email, SMS, or messenger and get paid immediately.

    * Use the Razorpay WhatsApp Bot to create and share Payment Links directly from WhatsApp.

    * Recover abandoned carts by sending customers a Payment Link, encouraging them to complete their purchase.

    Know more about [Payment Links](/docs/payments/payment-links).
  </Tab>
</Tabs>

## Third Party Validation

Third-Party Validation (TPV) of bank accounts is a mandatory requirement for businesses in the BFSI sector dealing with securities, broking and mutual funds. Following are the recommended products:

<Tabs>
  <Tab title="Payment Gateway with TPV">
    * One-Click Retry on Razorpay Checkout.
    * Methods Available: UPI, Debit Card and Netbanking.

    Know more about [Payment Gateway with TPV](/docs/payments/third-party-validation).
  </Tab>

  <Tab title="Payment Links with TPV">
    * Share Payment Links with customers calling the call center for investing.
    * Remind customers to add funds to trading accounts and notify them of low balances.
    * Prevent drop-offs by sending Payment Links to resolve demat account payment issues.

    Know more about [Payment Links with TPV](/docs/api/payments/payment-links/third-party-validation).
  </Tab>

  <Tab title="Smart Collect with TPV">
    * Create Customer Identifiers to accept large payments from your customers.
    * Supports NEFT/RTGS/IMPS transactions.

    Know more about [Smart Collect with TPV](/docs/payments/smart-collect/apis).
  </Tab>

  <Tab title="Turbo UPI TPV">
    * Achieve higher success rates with a smoother payment experience.
    * Complete in-app flow with no redirections for better control over the user journey.
    * Significantly reduce timeout issues as customers never leave your app.

    Know more about [Turbo UPI with TPV](/docs/payments/payment-gateway/android-integration/standard/payment-methods/integration-tpv).
  </Tab>
</Tabs>

## Automate Recurring Revenues

Recurring revenues are core to financial services, including insurance premiums, SIPs and loan repayments. With Razorpay, you can offer easy and tailor-made subscription plans to your customers through a platform built for automation. Following are the recommended products:

<Tabs>
  <Tab title="E-mandate">
    * Register customers for SIP payments via E-mandate/Paper NACH.
    * Set up mandates for lump sum payments with first-time registration.
    * Facilitate mandate migration.

    Know more about [E-mandate](/docs/payments/recurring-payments).
  </Tab>

  <Tab title="UPI Autopay">
    * Enable users to set up periodic premium payments through their UPI apps.
    * Support daily, weekly, monthly, quarterly, or yearly plans to make products or services more affordable.
    * Supported by major UPI apps like AmazonPay, BHIM, PayTM, PhonePe, Google Pay, and [various banks](/docs/payments/subscriptions/supported-banks-apps#upi-autopay).

    Know more about [UPI Autopay](/docs/payments/subscriptions/faqs#upi).
  </Tab>

  <Tab title="Subscriptions">
    * Set up E-mandates, authorising the bank to deduct loan instalments automatically from their bank accounts at predefined intervals.
    * Provide flexible repayment schedules based on customer preferences and loan terms.
    * Automate the reconciliation of loan repayments, provide real-time visibility into payment statuses and reduce the chances of errors in financial reporting.

    Know more about [Subscriptions](/docs/payments/subscriptions).
  </Tab>
</Tabs>

## End-to-End Cash Flow Management

Financial companies face complex cash flows where money is collected from multiple sources and routed to various accounts - customers, investors, vendors, and service providers. Following are the recommended products:

<Tabs>
  <Tab title="Route">
    * Split payments as per the broking index (NSE, BSE, MCX, and more).
    * Distribute payments according to MF scheme bank accounts.

    Know more about [Route](/docs/payments/route).
  </Tab>

  <Tab title="Optimizer">
    * Improve payment routing to ensure transactions go through the best available acquirer or gateway, reducing failed transactions and increasing success rates.
    * Automatically send transactions to the best-performing gateway without customer input.
    * Smart Router routes payments to providers with a higher probability of success.

    Know more about [Optimizer](/docs/payments/optimizer).
  </Tab>
</Tabs>

## Explore RazorpayX for Advanced Business Banking

You can explore the RazorpayX product suite for these use cases:

* Managing multiple bank accounts via [RazorpayX Dashboard](/docs/x/dashboard).
* [Automated payouts](/docs/x/payouts) to bank accounts, debit cards, credit cards or prepaid cards.
* Streamlined salary disbursements through [RazorpayX Payroll](/docs/payroll).