Direct debit is a means by which a borrower can provide a lender, or anyone else for that matter, the ability to take funds directly from their bank accounts.

Direct debit works with mandate, which is a financial configuration which specifies the maximum amount and the duration in which such funds can be taken from the customer's account. 

In Nigeria, direct debits are provided by Nigerian Interbank Settlement Systems Plc. (NIBSS) and SystemSpecs via their Remita platform. 

Lendsqr is integrated into Remita which provides this functionality to lenders and borrowers.