BankingBusinessFinTech

India’s Juspay acquires LotusPay to enhance payment capabilities

  • Bengaluru-based Juspay has acquired LotusPay, a recurring payments solution provider, in an all-cash deal to enhance its offerings for the BFSI (banking, financial services, and insurance) segment.
  • Juspay aims to leverage LotusPay’s NACH (national automated clearing house) Debit solution, allowing banks and merchants to collect recurring payments for various purposes.
  • The integration of LotusPay NACH into Juspay’s HyperCheckout and Express Checkout products will provide clients with a comprehensive suite of recurring payment options through a single integration.
  • Both companies share the goal of simplifying recurring payment collection for merchants through this collaboration.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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