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