Apple added UPI Autopay for subscription-based payments in India

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Apple has added the Unified Payments Interface (UPI) Autopay as a new payment option for subscription-based purchases in India to its App Store. Users can set up automated payment options for recurring payments through UPI Autopay using any UPI app that supports the feature.

The news broke when Apple emailed its Indian customers to inform them of the new feature.


“You can now pay for new streaming services, games, music, movies, and more with UPI AutoPay.” “It’s simple, secure, and simple to set up,” according to the email obtained by Inc42.

The new development comes nearly a year after Apple added UPI and net banking as payment options to its App Store for Indian users. This came shortly after the Cupertino-based company stopped accepting Indian debit and credit cards for subscription and app purchase payments on its App store.

UPI Autopay was launched by the National Payments Corporation of India (NPCI) in 2020 to enable payments for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, and others.

The shift to UPI Autopay is largely due to a slew of guidelines issued by the Reserve Bank of India (RBI) over the last four years that sought to crack down on recurring payments without users’ explicit consent, as well as to ensure the safety and security of card transactions.

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Apple added UPI Autopay for subscription-based payments in India

Apple has added the Unified Payments Interface (UPI) Autopay as a new payment option for subscription-based purchases in India to its App Store. Users can set up automated payment options for recurring payments through UPI Autopay using any UPI app that supports the feature.

The news broke when Apple emailed its Indian customers to inform them of the new feature.


“You can now pay for new streaming services, games, music, movies, and more with UPI AutoPay.” “It’s simple, secure, and simple to set up,” according to the email obtained by Inc42.

The new development comes nearly a year after Apple added UPI and net banking as payment options to its App Store for Indian users. This came shortly after the Cupertino-based company stopped accepting Indian debit and credit cards for subscription and app purchase payments on its App store.

UPI Autopay was launched by the National Payments Corporation of India (NPCI) in 2020 to enable payments for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, and others.

The shift to UPI Autopay is largely due to a slew of guidelines issued by the Reserve Bank of India (RBI) over the last four years that sought to crack down on recurring payments without users’ explicit consent, as well as to ensure the safety and security of card transactions.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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