 "PhonePe launches auto top-up feature for its wallet")
Walmart backed PhonePe on Friday said it has launched an auto top-up feature for its payment wallet, using UPI e-mandate. This feature will allow customers of PhonePe to set up a UPI e-mandate once, post which the company will automatically top up their wallet balance when it falls below the minimum below.
“This means PhonePe customers can now make multiple payments using their wallet, without having to top up their wallet balance manually each time. Once the UPI e-mandate has been set up, users don’t need to enter any PIN or wait for an OTP each time they want to load their wallets or make a payment”, said the company in a statement.
“We are testing this feature end-to-end with the Wallet Auto Top-up launch for PhonePe customers and also working to make this available to merchants, payment aggregators, and other apps in the coming weeks”, the company said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%