Automated collections for modern businesses.
PayandPay Smart Collect simplifies the process of identifying incoming payments and matching them to customers, invoices, or transactions.
- ↓Credit received₹3,40,000 by NEFT
- #Virtual accountRPAY 0042 8810 2231Reference INV-2044
- ✓Matched toInvoice INV-2044Reconciled
Virtual account credit matched to an invoice
Smart Collect
Automated collections for modern businesses.
PayandPay Smart Collect simplifies the process of identifying incoming payments and matching them to customers, invoices, or transactions.
- ↓Credit received₹3,40,000 by NEFT
- #Virtual accountRPAY 0042 8810 2231Reference INV-2044
- ✓Matched toInvoice INV-2044Reconciled
Virtual account credit matched to an invoice
Designed for businesses handling large transaction volumes.
- 01Virtual accounts
- 02Dynamic references
- 03Automated reconciliation
- 04Collection analytics
- 05Enterprise reporting
Capabilities
Designed for businesses handling large transaction volumes.
- Virtual accounts
- Dynamic references
- Automated reconciliation
- Collection analytics
- Enterprise reporting
Know exactly who paid, the moment they pay.
Give every customer a unique way to pay you, and let Smart Collect match each incoming payment automatically.
Virtual accounts
Give each customer, invoice or order its own account number, so every transfer identifies itself.
Dynamic references
Create unique references on the fly to tie each payment to the right invoice or transaction.
Automated reconciliation
Incoming payments are matched to customers and invoices automatically, with no manual statement checks.
Collection analytics
See what has been collected, what is pending and who is overdue, all in one view.
Enterprise reporting
Detailed reports built for finance teams, ready for your accounting tools.
Real-time notifications
Your dashboard and your systems are told as soon as money arrives.
From bank transfer to matched payment.
Your customers pay the way they always do. Smart Collect does the matching for you.
- 01
Create a virtual account
Generate a unique account number for each customer, invoice or order.
- 02
Share the details
Print them on your invoice or statement, or show them in your app.
- 03
Customer pays
They send a normal bank transfer from any bank, by NEFT, RTGS or IMPS.
- 04
Matched automatically
The payment is identified and matched to the right customer or invoice.
- 05
You’re notified
Your dashboard updates and your system is notified through webhooks.
Collections, reconciled in real time.
Every incoming transfer appears with the customer and invoice it belongs to, so your finance team starts the day with the books already matched.
- Every payment matched to a customer or invoice
- Pending and overdue collections at a glance
- Search by account, reference or customer
- Payments that cannot be matched are flagged for review
- Reports ready for your finance team
- Apex Distributors₹3,40,000Matched
- Sunrise Traders₹62,500Matched
- Kiran Hardware₹2,15,000Matched
- Unknown sender₹18,000Review
Built to handle large volumes, safely.
Encryption, access controls and continuous monitoring protect every incoming payment, from the bank transfer to your reports.
Security & complianceData protection
Customer and payment data are handled with strict controls at every stage.
Encryption standards
Payment and account details are encrypted in transit.
Access management
Give each team member only the access they need, with roles and permissions.
Monitoring and alerting
Systems are watched around the clock, so unusual activity is spotted early.
Risk detection
Unusual transfers are flagged for review before they become a problem.
Audit trails
A clear record of every payment received and every match made.
Compliance: [List only the certifications PayandPay actually holds, e.g. PCI DSS, before launch.]
Built for high-volume collections.
Designed for businesses that receive large numbers of bank transfers and need to know who each one came from.
Explore industriesDistributors and wholesalers
Give every dealer a dedicated account and see their invoice payments matched automatically.
Lending and EMI collections
Let each borrower repay into their own account, matched to the right loan.
Real estate and housing societies
Collect rent, maintenance and booking amounts, with every payment tied to the right unit.
Education
Give each student a unique account for fees and stop matching bank statements by hand.
Marketplaces and platforms
Collect from many buyers and match each transfer to the right order.
B2B services
Collect large invoice payments by bank transfer and reconcile them on arrival.
Learn morePlug collections into your systems.
Create virtual accounts at scale from your own software, and let our webhooks update your books the moment money arrives.
- API to create virtual accounts at scale
- Webhooks the moment a payment lands
- Reports for your ERP and accounting
- Personal integration help from our technical team
Smart Collect FAQs
Can’t find what you need? Our sales, support and partnership teams are here to help.
Visit the knowledge baseWhat is Smart Collect?
Smart Collect gives each of your customers, invoices or orders a unique virtual account. When money is transferred to it, PayandPay identifies who paid and matches the payment automatically.
What is a virtual account?
A virtual account is a unique account number linked to your PayandPay account. Payments sent to it reach you, and the account number itself tells you who paid.
How do customers pay into a virtual account?
By a normal bank transfer from any bank, using NEFT, RTGS or IMPS. [Confirm whether UPI is also supported before launch.]
Do I still need to check bank statements?
No. Payments are matched automatically, and anything that cannot be matched is flagged for you to review.
Who is Smart Collect for?
Businesses that handle large transaction volumes, such as distributors, lenders, schools and housing societies.
When will the money reach my account?
Successful payments are settled to your registered bank account on your settlement cycle: [T+X working days — confirm before launch].
How much does it cost?
See our pricing page for current plans, or talk to our sales team about custom pricing for larger volumes.
More products
Explore the rest of PayandPay
Ready to modernize your payment operations?
Speak with our sales, support, and partnership teams. PayandPay helps businesses collect, manage, and move money through a secure and scalable infrastructure platform.
