Visa to partner with BillDesk for secure payment technology

Chennai: Visa, the global leader in payments technology and BillDesk, leader in Indian payments business announced the rollout of SI-Hub, a secure way to make recurring payments using cards with a one-time enrollment.

A press release said, banks and merchants will be able to offer recurring payments/standing instructions (SI) services (powered by BillDesk’s SI-Hub and Visa’s global recurring transaction framework for merchant-initiated transactions) to their cardholders to help manage payment use cases across utilities, subscription services and mutual fund SIPs among others.

Group country manager, Visa India and South Asia, TR Ramachandran said, “Visa is glad to partner with BillDesk to offer SI-Hub to its clients and enable cardholders to decide when, how much and the duration of their recurring payments through a simple dashboard interface.”

NT Bureau