How can I set up Lidya Collect?

To automate all your customer collections and fund recovery with Lidya Collect, simply create and monitor your automated collections by:

• Going to the Collect tab, select create to set up the payment mandate plan details with a clear description, amount, currency, collection frequency and start date

• Add all the payer details and connect the payer by BVN

• Select Validate to ensure the details are accurate then submit to send to the payer

• The payer will receive a request for consent and the mandates via email and can authorize or reject the mandate

• Once signed it is authorized and moved to the active position where you can monitor your collection status

• You can monitor what is paid, view expired mandates and also deactivate mandates