Virtual Accounts

Effortlessly manage your collections with secure, scalable, and seamless solutions designed to streamline operations and drive business growth.

What Virtual Account Services Do We Provide?

Virtual Accounts from ViyonaPay streamline payment collections and reconciliation with unmatched efficiency and precision.

Unique Virtual Account Numbers (VANs):
Assign a unique identifier to every payer for better tracking and transparency.
Automatic Real-Time Reconciliation:
Eliminate manual effort by automating the matching of incoming payments to invoices.
Support for Multiple Payment Modes:
Accept funds seamlessly via UPI, NEFT, RTGS, and IMPS.
Dedicated Use Cases:
Tailored solutions like merchant settlement accounts, escrow accounts, and KYC verification accounts for specific business needs.
Customizable Virtual Accounts:
Configure accounts based on payer, department, or purpose for complete financial control.

How Businesses Benefit from Virtual Accounts

ViyonaPay’s Virtual Account solutions empower businesses with:

Effortless Reconciliation:
Automatically reconcile incoming payments with invoices, reducing errors and saving time.
Financial Agility:
Enjoy instant settlement for faster access to funds and better cash flow management.
Enhanced Payment Visibility:
Gain granular insights into every transaction for better decision-making and financial tracking.
Reduced Fraud Risks:
Secure payments with unique Virtual Account Numbers that ensure transparency and accountability.
Scalability Across Industries:
Ideal for businesses in e-commerce, subscription services, logistics, and fintech, enabling them to handle high transaction volumes effortlessly.

How Businesses Benefit from Virtual Accounts

Smart Payment Solutions with Virtual Accounts.

ViyonaPay’s Virtual Accounts revolutionize payment management across industries. From simplifying cash flow for e-commerce and subscription services to enhancing transparency in real estate and fintech, our solutions enable real-time tracking, automated reconciliation, and secure transactions tailored to your business needs.

Fintech

Disbursement Accounts:
Issue unique virtual accounts to users for receiving instant payouts from loans, investments, or other financial services.
Escrow Accounts:
Securely hold funds during P2P transactions, releasing them only upon successful completion.
Merchant Settlement Accounts:
Assign dedicated virtual accounts to merchants for receiving customer payments, simplifying reconciliation and payouts.
KYC Verification Accounts:
Generate temporary virtual accounts to receive small deposits during KYC processes, ensuring real identities without exposing sensitive bank details.

E-commerce

Cash on Delivery (COD) Management:
Create virtual accounts for each COD order, ensuring funds are deposited only upon successful delivery, reducing fraud risks.
Seller Payouts:
Allocate virtual accounts to marketplace sellers for seamless sales proceeds reconciliation and payouts.
Refunds and Chargebacks:
Use virtual accounts to process instant refunds and manage chargebacks, enhancing customer experience.
Prepaid Wallets:
Provide virtual account-based prepaid wallets for storing funds and enabling seamless purchases.

Subscription Businesses

Recurring Payments:
Dedicate virtual accounts to subscribers for automated deduction of subscription fees, ensuring timely payments.
Free Trial Management:
Assign temporary virtual accounts for free trials to prevent unauthorized charges post-trial.
Tiered Subscriptions:
Use virtual accounts to track payments by subscription tiers, simplifying revenue analysis.
Prorated Billing:
Accurately manage prorated subscriptions based on signup dates or cancellations using virtual accounts.

Education

Fee Collections:
Assign virtual accounts to students or departments for real-time tracking of tuition and fees.
Scholarships and Stipends:
Disburse scholarships or stipends to students efficiently using unique virtual accounts.
Event Payments:
Manage payments for school or college events by allocating dedicated virtual accounts.

Logistics and Transportation

Driver Payments:
Assign virtual accounts to individual drivers for real-time settlement of trip payments.
Vendor Management:
Streamline payments to logistics vendors by using dedicated virtual accounts for transparency.
Freight Collections:
Automate reconciliation of freight charges with unique virtual account identifiers.

Healthcare

Insurance Settlements:
Manage payouts for insurance claims with dedicated virtual accounts for policyholders.
Patient Billing:
Assign unique virtual accounts to patients for real-time tracking of hospital bills.
Vendor Payments:
Streamline payments to pharmaceutical and medical equipment suppliers with virtual accounts.

Real Estate

Rent Collection:
Use virtual accounts for tenants to deposit rent directly, ensuring accurate reconciliation.
Project Financing:
Allocate virtual accounts for managing project funds, tracking investments and expenses.
Maintenance Payments:
Simplify society or building maintenance fee collections with unique virtual accounts.

Nonprofits and Donations

Fundraising Campaigns:
Assign virtual accounts for specific campaigns, enabling easy tracking of donations.
Beneficiary Payments:
Disburse funds to beneficiaries with unique account identifiers, ensuring transparency.
Event Sponsorships:
Manage sponsorships for nonprofit events through dedicated virtual accounts.

Get in Touch

Let’s Empower Your Business with ViyonaPay

Partner with us to redefine your payment experience. Whether you’re scaling your business or seeking innovative financial solutions, our team is here to help you succeed. Let’s build the future of finance together.

Viyonapay: Your Gateway to Simplified Financial Services. Offering streamlined banking and payment solutions for a faster, safer financial journey.

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Viyona Fintech is not a bank but a technology platform for digital financial services, operating in partnership with RBI-licensed banks and financial institutions. All funds in the customer’s bank account are insured as per the limits under the RBI’s deposit insurance scheme. Corporate Identity Number: U74999TG2022PTC160052
Important Note:
Never share your password, card number, expiry date, CVV, PIN, OTP, or any other confidential information with anyone, even if the person claims to be from Viyona Fintech India Pvt Ltd.