E-commerce, FinTech, EdTech, HealthTech marketplaces and aggregators have revolutionized the business module for both customers and vendors. But one of the most complex parts of such business processes is the smooth and efficient flow of funds between the two parties.
As per the RBI Nodal Account guidelines, marketplace intermediaries must hold funds in a nodal bank account. This account holds the funds on behalf of the customer and sellers while safeguarding the interests of all the parties involved.
Our Nodal Account offers transparent and hassle-free disbursal of funds from different customers to various sellers and logistic partners following due process.
Secure account and transactions
The intermediary does not legally own the funds which ensures disbursal of fund only to the registered beneficiaries.
Shared control of funds between parties
With restrictions that can be implemented to control the funds if legal regulations are not followed.
Timely payments as per agreement
Streamlined payment processes and solutions ensure beneficiaries receive the payment without undue delays.
Dedicated team support
To ensure smooth acount opening & operation.
Effective account monitoring
With monthly audits and quarterly reporting as per the RBI's Nodal Account guidelines.
Manage account, entirely online
Any time, anywhere via AU 0101 App & netbanking.
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