- NPCI has launched the functionality of UPI AutoPay for recurring payments.
Benefits:
- Customers can now enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, entertainment/OTT subscriptions, insurance, mutual funds, and loan payments, paying for transit/metro payments among others of up to Rs. 2000. If the amount exceeds Rs. 2000, customers have to execute every mandate with UPI PIN.