NPCI enhances UPI 2.0, allows customers to make recurring payments

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UPI is an inter-bank fund transfer mechanism run by the NPCI and enables instant fund settlement through a smartphone.

Nidhi Rai Mumbai
The National Payments Corporation of India (NPCI) is working on enhancing UPI 2.0, which is an upgrade of Unified Payments Interface (UPI), by adding a slew of features to the platform. The NPCI team made a presentation of the new value-added service at the India FinTech Forum.  

UPI is an inter-bank fund transfer mechanism run by the NPCI and enables instant fund settlement through a smartphone. The new version will enable customers to make recurring payments.

The biggest unique selling point of UPI 2.0 will be its recurring mandate which would allow customers to block a certain amount of funds from their

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First Published: Nov 29 2019 | 5:50 PM IST

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