E-Collection Software and API
SPVAIG Banking Virtual Account Management (VAM) helps general and corporate banking customers with more efficient Treasury control of capital. It helps general and corporate clients to manage complex account structures and control working capital effectively.
SPVAIG Banking virtual accounts are temporary accounts that are used to conduct transactions on behalf of a real physical account. Since each virtual account is unique, all funds received in a unique virtual account are faster for businesses to identify who made each transaction. In addition, virtual accounts give businesses the ability to reconcile payments in real time.
Also available with state-of-the-art cloud service that empowers banks to provide future-proof virtual account management solutions with quick time to market, high service availability, exceptional security and the flexibility to scale easily with optimized operating expenses.
All type of receiver Bank in the How to accept payment in this account field.
By default, All bank transfer (NEFT, RTGS, IMPS) and UPI transfer are enabled.
This means that All a virtual bank account and a UPI ID can be created for the customer. You can choose to disable either according to your needs.
Enable bank transfer (NEFT, RTGS, IMPS) to create a virtual bank account.
Enable UPI Transfer to create a virtual UPI ID.
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