Product Manager - Direct Debit & Alternate Payments
HybridPune, Maharashtra, India
Job Summary
Own the end-to-end product strategy for UK Bacs and EU SEPA Direct Debit rails, balancing merchant experience, operational efficiency, and regulatory compliance. Reduce failure rates, improve reconciliation flows, and drive down cost-per-transaction through product-led initiatives while partnering with Compliance and Legal to ensure adherence to UK FCA rules, EU PSD2/PSD3, and scheme regulations. Lead product development for Open Banking payment initiation and account information services, defining roadmaps for A2A payments, Variable Recurring Payments, and Request-to-Pay across European markets. Drive agile delivery with cross-functional squads using clear PRDs and build strong relationships with external scheme operators and banks. Embed AI tools into every stage of the product lifecycle, using LLMs for rapid synthesis of merchant interviews and competitor teardowns, and champion AI adoption within the Embedded Payments team. Define quarterly and annual plans, conduct competitive analysis, and present investment cases to executive leadership.
Required Qualifications
- 3+ years of product management experience in fintech, payments, or financial services
- Deep hands-on knowledge of Bacs Direct Debit (UK) — scheme rules, mandate management, AUDDIS/ARUDD processing, indemnity claims
- Solid understanding of SEPA Direct Debit, payment rails, and EU clearing cycles
- Demonstrated experience with Open Banking — either as a PM building PIS/AIS products or in a closely adjacent commercial or technical role
- Fluency in PSD2, PSD3 (in progress), and UK Open Banking regulatory frameworks
- Track record of shipping B2B or embedded payment products from discovery through to production at scale
- Excellent written and verbal communication — able to write crisp PRDs, present to executives, and explain complex payment flows to non-technical stakeholders
- Strong commercial instinct: comfortable with unit economics, pricing models, and revenue forecasting
- To be legally authorised to work in the location (country) you're applying for
- Xplor does not sponsor visas
Desired Qualifications
- Experience with Variable Recurring Payments (VRP) or Request-to-Pay (RtP) in the UK
- Exposure to SEPA Instant Credit Transfer (SCT Inst) or SEPA Payment Account Access (SPAA)
- Familiarity with GDPR data handling requirements as they apply to payment data
- Prior experience in a scale-up or multi-market fintech environment
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