UPI Autopay volume doubles in a year, NPCI launches portal for e-mandate management

Share via:



While the Unified Payments Interface (UPI) is becoming increasingly popular for merchant payments, one specific use-case has doubled in traction over the past year.

According to data from the National Payments Corporation of India (NPCI), which runs the UPI platform, recurring payments on UPI Autopay have grown 100% over last year.

Historically, recurring payment mandates were either taken via netbanking or debit cards. With UPI offering such mandates as well, all the large payment applications now offer this. And given the popularity of UPI, this is…



Source link

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.

Popular

More Like this

UPI Autopay volume doubles in a year, NPCI launches portal for e-mandate management



While the Unified Payments Interface (UPI) is becoming increasingly popular for merchant payments, one specific use-case has doubled in traction over the past year.

According to data from the National Payments Corporation of India (NPCI), which runs the UPI platform, recurring payments on UPI Autopay have grown 100% over last year.

Historically, recurring payment mandates were either taken via netbanking or debit cards. With UPI offering such mandates as well, all the large payment applications now offer this. And given the popularity of UPI, this is…



Source link

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Zepto IPO: Quick commerce firm plans to raise Rs...

Quick commerce platform Zepto will file its draft...

Ola Electric Bags INR 367 Cr PLI Incentive On...

SUMMARY The incentives are expected to strengthen Ola’s liquidity...

Donald Knuth’s 2025 Christmas Lecture: The Knight’s Tours

“It’s that time of the year!” read the...

Popular