Google Pay, PhonePe, NPCI to launch recurring payments through UPI

Stefana Ivan

10 Aug 2020 / 5 Min Read

According to MoneyControl, the initiative will enable customers to opt for the auto-debit facility for monthly payments such as electricity bills, mobile phone bills, EMIs, media subscriptions, and insurance premiums through these applications.

Therefore, the payment feature will allow recurring payment mandates to be set by a UPI user by just authenticating the transaction through the UPI PIN.

Furthermore, although it was reported that PhonePe did not support recurring payments, it was a feature the company was planning to add. However, the companies did not respond for comments, as the product is still in the development process, Money Control stated.

Countries:

India

Stefana Ivan

10 Aug 2020 / 5 Min Read

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