The National Payments Corporation of India (NPCI) has recently launched the Unified Payments Interface (UPI) AutoPay for recurring payments. The process doesn’t require several layers of authorisation, thereby making it simpler for consumers to make small payments.
UPI transactions hit an all-time high of 1.34 billion in June, with transactions of over Rs 2.61 trillion clocked in June alone. Features: This facility gives both the customer and the merchant the ability to set up autopay for recurring payments. For instance, customers and merchants can enable recurring ...
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