Transact Bridge's profile

Recurring payments can reduce subscription churn

How recurring payments can reduce subscription churn in India: Transact Bridge

In today’s digital age, recurring payment, often known as subscriptions or automated billing, has emerged as the lifeblood of many companies, particularly in the Software as a Service (SaaS) sector. These payment methods not only guarantee a consistent flow of income but also raise client satisfaction. For organizations trying to succeed in this environment, picking the appropriate solution is essential.

The Indian SaaS Landscape: A Trillion-Dollar Opportunity
According to the joint analysis by SaaSBOOMi and McKinsey titled “Shaping India’s SaaS Landscape,” India is poised to present a fantastic opportunity for SaaS businesses. According to the analysis, India might present a startling US$1 trillion opportunity for SaaS businesses by 2030. In India, software makes almost 20% of total business IT expenditures but accounts for around 50% of the value. The SaaS market, which is presently worth US$2.6 billion, is anticipated to grow 20 times by 2030 and generate astonishing US$50–70 billion in revenue.

Transact Bridge: Enabling Seamless Recurring Payments
Recurring payments are the key to unlocking vast revenue possibilities in the quickly expanding Indian SaaS market. By streamlining the payment process, ensuring tax compliance, and offering a variety of local payment methods, Transact Bridge offers businesses a complete solution for collecting recurring payments from Indian clients. Global businesses can confidently expand their reach and grow their operations in the Indian market by collaborating with Transact Bridge, all while offering clients a simple and secure payment experience.

What Transact Bridge offers to overseas merchants

Easy Recurring Payment options
Transact Bridge makes it easy by enabling recurring payments on cards, UPI, and e-mandates and also provides SIHUB to overseas merchants. We have one of the highest success rates in the industry, ensuring a steady stream of income for your SaaS business.

Easy Handling of Tax Compliance
Our expert team stays up-to-date with the latest changes in Indian tax regulations, ensuring that your cross-border e-commerce business remains tax-compliant in India. We handle all the necessary filing and compliance tasks, allowing you to focus on growing your business.

Collect Payments in INR
As your trusted Merchant of Record in India, we enable global companies to access the massive Indian consumer market by facilitating transactions in Indian rupees (INR). This simplifies payment processing and opens the door to approximately 1.4 billion potential customers.

Localised Payment Methods
To improve the success rate of payments, we offer a variety of local payment methods, including UPI, credit cards, and debit cards, catering to the diverse preferences of Indian consumers.

Enhanced Security
We are proud to be PCI-DSS certified, with state-of-the-art servers for data storage and handling. Our partnerships with leading payment gateways and banks ensure the highest level of security, reducing failure rates and increasing payment traffic.

Recurring payments can reduce subscription churn
Published:

Recurring payments can reduce subscription churn

Published:

Creative Fields