NPCI updates UPI with auto pay feature for smoother recurring transactions

The National Payments Corporation of India (NPCI) has added an auto pay feature in its flagship payment service platform Unified Payments Interface (UPI) that will enable recurring payment on UPI platforms. It is expected to give a seamless convenient usage for people to set up repeat payments across a variety of applications.

The new feature needs customers to give mandates for these recurring payments to be made. The mandates can be set up with a frequency of their choice such as daily weekly, monthly or annually.

“This opens up an entire array of applications for which repeated payments can be set up such as payments for streaming services with a repeat mandate, taking bus passes, train tickets, DTH subscription, insurance premium payments, SIP payments, and daily EMI payments”, said Praveena Rai, COO, NPCI.