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UPI Autopay volume doubles in a year, NPCI launches portal for e-mandate management
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While the Unified Payments Interface (UPI) is becoming increasingly popular for merchant payments, one specific use-case has doubled in traction over the past year.
According to data from the National Payments Corporation of India (NPCI), which runs the UPI platform, recurring payments on UPI Autopay have grown 100% over last year.
Historically, recurring payment mandates were either taken via netbanking or debit cards. With UPI offering such mandates as well, all the large payment applications now offer this. And given the popularity of UPI, this is…
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