Introducing SetPay
One consent for ongoing payments
RECURRING
Qip SetPay
Recurring Open Banking Payments Made Simple
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SetPay is Qippay’s Open Banking “Auto-Pay” solution, designed to power predictable, automated revenue through secure recurring Open Banking Payments.
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Built as a modern alternative to traditional direct debits, SetPay enables businesses to collect recurring payments directly from customer bank accounts with speed, transparency, and strong authentication.
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No paper forms. No legacy systems. Just secure, bank-authorised recurring payments
Qippay is accredited under MBIE’s open banking framework, operates with no screen-scraping, and has established direct bilateral integrations with all major banks, ensuring a secure, compliant, and future-proof infrastructure.
How SetPay Works
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The customer provides secure bank authorisation via Open Banking.
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A recurring payment mandate is established.
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Payments are automatically deducted according to the agreed schedule.
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This creates a reliable, automated receivables process while maintaining transparency and security.
A Smarter Alternative to Direct Debit
Traditional direct debit systems are slow to set up, rigid, and built on outdated infrastructure.
SetPay modernises recurring payments through Open Banking by:
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Digitising customer consent
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Reducing setup friction
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Improving visibility and reporting
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Supporting real-time bank authentication
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The result is a smoother experience for both merchants and customers.
Designed for Recurring Revenue Models
SetPay is ideal for:
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Subscription services
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Utilities and telecommunications
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Membership organisations
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Insurance and finance providers
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Education providers
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Property management and body corporates
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Recurring billing environments
If your business depends on predictable recurring income, SetPay simplifies collection and improves cash flow confidence.
Why Choose SetPay?
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Reliable Recurring Payments
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Automate collections and reduce missed payments.
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Secure Open Banking Infrastructure
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Eliminate the risks associated with stored card details and outdated direct debit systems.
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Improved Customer Experience
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Simple digital authorisation replaces paperwork and manual processing.
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Operational Efficiency
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Reduce administrative overhead and gain clearer visibility into your recurring receivables.
Built for the Future of Recurring Payments
SetPay combines the familiarity of auto-pay with the security and efficiency of Open Banking.
It is recurring revenue, modernised.
Seamless Setup
A truly digital application, saving your customers time and effort.
Powering improvements in your CX.
Instant Fulfilment
Customers can approve SetPay arrangements online, eliminating processing delays and shortening payment times.
Dishonour Free
SetPay will not debit customers' accounts if there are insufficient funds. No more expensive dishonours.
Cost Saving
Fees are considerably lower than alternative recurring card solutions. Deliver savings to your business that boost your bottom line.​