> ## 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 payment methods including, Cards (debit and credit) and PayNow.

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

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

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

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

    Know more about [Payment Links](/docs/sg/payments/payment-links).
  </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="Subscriptions">
    * Set up 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/sg/payments/subscriptions).
  </Tab>
</Tabs>