SlashCollect vs UPI Apps: What's the Difference?
3 minutes
SlashCollect vs UPI apps: understand the difference between UPI payment apps and an automated payment collection platform for recurring and scheduled business payments.
UPI apps are designed primarily for customers to make and manage payments. SlashCollect is designed for businesses that need to manage the collection process around those payments.
UPI AutoPay itself is available through UPI-powered apps and allows customers to authorize recurring payments. NPCI's current framework also allows users to view and manage UPI AutoPay mandates through supported UPI apps.
SlashCollect vs UPI Apps
UPI Apps | SlashCollect | |
|---|---|---|
Make UPI payments | ✓ | ✓ |
UPI AutoPay | ✓ | ✓ |
Create payment plans | Limited | ✓ |
Recurring collections | ✓ via AutoPay | ✓ |
eNACH | — | ✓ |
Failed-payment recovery | Limited | ✓ |
Collection workflows | — | ✓ |
Reconciliation | Limited | ✓ |
Collection reporting | Limited | ✓ |
Business/customer tracking | Limited | ✓ |
AI-assisted collections | — | ✓ |
SlashCollect supports UPI AutoPay and eNACH, while also providing payment plans, intelligent recovery, reconciliation and AI-assisted collection workflows. SlashCollect
The simple difference
UPI app:
“Let my customer pay.”
SlashCollect:
“Help my business collect what is due, automatically.”
For example, a training institute collecting ₹10,000 every month can use UPI AutoPay for the recurring mandate. But it may also need to know who is due, who paid, which payment failed, who needs follow-up, what was recovered and what has been reconciled. That's the layer SlashCollect is built to manage.
Is SlashCollect a UPI app?
No. SlashCollect is a payment collection platform that uses payment rails such as UPI AutoPay and eNACH to help businesses automate recurring, scheduled and instalment-based collections.
Which should a business use?
They aren't necessarily alternatives.
A customer can use a UPI app such as BHIM or another supported UPI app to authorize a mandate, while the business can use a collection platform such as SlashCollect to manage the broader collection workflow. NPCI specifically describes UPI AutoPay as being available on UPI-powered apps.
In short: UPI apps enable the payment. SlashCollect helps businesses manage the collection.
Let's connect to discuss more?
Whether you collect fees, EMIs, subscription payments, memberships, rent or B2B collections, SlashCollect automates the repetitive work behind payment collection.