Open banking auto-pay: recurring payments from customer bank accounts as a modern direct debit
Qip SetPay is Qippay's recurring open banking payments product, built as a modern alternative to direct debit. Customers give one bank-authorised consent, a recurring mandate is set up, and payments are deducted automatically on schedule, without paper forms or stored card details. It targets subscriptions, utilities and telcos, memberships, insurers, education providers and property managers.