- 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.
