An e-mandate is a digital authorization that allows a payee to collect payments from a payer’s bank account via direct debit. It streamlines the process of setting up and managing direct debit agreements electronically, eliminating the need for paper forms. E-mandates enhance convenience and security for both parties, allowing for quicker payment processing and easier management of recurring transactions, such as subscriptions or utility bills.
With easy setup and direct linkage to your bank account, e-Mandates not only save time but also significantly cut down on paperwork.