Now, you can pay monthly bills with UPI AutoPay
4 years, 5 months ago

Now, you can pay monthly bills with UPI AutoPay

India TV News  

The National Payment Corporation of India on Wednesday said that it has launched the functionality of Unified Payments Interface AutoPay for recurring payments. With this new facility, customers can now enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, insurance, mutual funds and loan payments, paying for transit/metro payments among others of up to Rs 2,000. "The UPI AutoPay offering would provide millions of UPI user's convenience and safety while making recurring payments," Dilip Asbe, MD & CEO, NPCI, said in a statement. Some of the banks, merchants and aggregators who have already gone live with UPI AutoPay are Axis Bank, Bank of Baroda, HDFC Bank, HSBC Bank, ICICI Bank, IDFC Bank, IndusInd Bank, Paytm Payments Bank, AutoPe-Delhi Metro, Paytm, PayU, and RazorPay, among others. Jio Payments Bank, State Bank of India and YES Bank will soon go live with UPI AutoPay, NPCI said.

Payments Bank Pay Mandate Customers Upi Npci Recurring Recurring Payments Upi Autopay Autopay  npci  payments  autopay  bank  customers  recurring  monthly  mandate  upi  pay  bills

History of this topic

Google Pay adding UPI Circle to help add secondary user in payment app
3 months, 3 weeks ago

Google Pay adding UPI Circle to help add secondary user in payment app

The Hindu  

Google Pay, during the Global Fintech Fest 2024, shared that it is adding UPI Circle feature in the Pay app to enable your family or close and trusted friends to make UPI payments without adding their own bank accounts. As an existing UPI user on Google Pay, you can add your family members or friends as secondary users to your …

UPI can be now used to deposit cash at ATMs: Here's how it will work
8 months, 2 weeks ago

UPI can be now used to deposit cash at ATMs: Here's how it will work

Hindustan Times  

Your Unified Payments Interface has just been upgraded. In an important announcement today, the Reserve Bank of India said that users can now deposit cash via UPI facility at bank ATMs- a big shot in the arm for users in terms of saving time and effort. RBI says you can soon use UPI facility to deposit cash in bank ATMs. …

Paytm Gets TPAP License from NPCI for UPI Payments
9 months, 1 week ago

Paytm Gets TPAP License from NPCI for UPI Payments

Deccan Chronicle  

Mumbai: The National Payments Corporation of India has granted approval to One97 Communications Limited the parent of Paytm to participate in UPI as a Third-Party Application Provider under the multi-bank model. YES Bank shall also be acting as merchant acquiring bank for existing and new UPI merchants for OCL. OCL has been advised to complete migration for all existing handles …

UPI Services Will Begin in Sri Lanka and Mauritius
10 months, 1 week ago

UPI Services Will Begin in Sri Lanka and Mauritius

Deccan Chronicle  

Prime Minister Narendra Modi, along with Sri Lankan President Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth, will witness the launch of the Unified Payment Interface services in Sri Lanka and Mauritius and also the RuPay card services in Mauritius on Monday afternoon via video conferencing, New Delhi announced on Sunday. The launch of the service in India's southern …

Will UPI service continue on Paytm? Company's response
10 months, 2 weeks ago

Will UPI service continue on Paytm? Company's response

Hindustan Times  

Paytm said that UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes. Paytm UPI service falls under the Paytm Payments Bank, which was barred by the Reserve Bank of India from taking money from customers after February 29. Customers made 144.25 crore transactions on the Paytm Payment Bank …

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
10 months, 2 weeks ago

UPI will continue to operate as normal, working with other banks for continuity of service: Paytm

India TV News  

UPI service on Paytm will continue to work as normal as the company is working with other banks to make changes in the back-end for continuity of its services, the company said on Monday. While PPBL, the entity overseeing Paytm's UPI services, faces constraints on accepting money from customers after February 29, the company is working to connect with other …

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments
11 months, 1 week ago

From Kirana Stores To Chai Shops, Paytm Credit Card On UPI Is A Gamechanger For Payments

ABP News  

The convenience of digital transactions have become a fundamental aspect of our daily lives in today’s fast paced world. One such transformative force in the digital payment landscape is the integration of UPI payments through credit cards on the Paytm app. With just a smartphone, users can easily make UPI payments via credit cards on the Paytm app, powered by …

RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year ago

RBI raises UPI transaction limits, e-mandate bar; check all announcements

Hindustan Times  

Reserve Bank of India Governor Shaktikanata Das on Friday announced several decisions on the Unified Payments Interface, including raising the Unified Payments Interface payment limit to hospitals and educational institutions to ₹5 lakh from ₹1 lakh. The UPI, India's mobile-based fast payment system, enables users to make instantaneous, round-the-clock payments via Virtual Payment Address UPI limits increased: While unveiling the …

UPI now, pay later: 2 banks have rolled out this facility
1 year, 3 months ago

UPI now, pay later: 2 banks have rolled out this facility

Live Mint  

Soon after the Reserve Bank of India expanded the scope of Unified Payments Interface by enabling transfer from credit lines, a few banks have rolled out this facility for ardent UPI users. HDFC Bank offers PayLater facility wherein a new account gets created when you activate PayLater on your UPI app. ICICI Bank also offers PayLater to offer instant digital …

How to make a UPI payment despite insufficient balance in account?
1 year, 3 months ago

How to make a UPI payment despite insufficient balance in account?

Hindustan Times  

Unified Payments Interface has become an integral part of our daily transactions. What RBI said On September 4, the Reserve Bank of India issued a circular expanding the scope of UPI payments by enabling transactions to or from pre-sanctioned credit lines at banks. UPI Pay Later UPI Pay Later is basically a feature that allows users to spend from pre-sanctioned …

India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 3 months ago

India in talks with countries in LatAm, Africa for UPI, RuPay

Live Mint  

New Delhi: India is in talks with several South American and African nations for introducing Unified Payment Interface and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said. “The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms,” the official …

Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago

Data | UPI payments: relief for users, a headache for banks

The Hindu  

The dizzying array of daily limits on United Payments Interface transactions set by apps and banks — both in terms of value and volume — has put the spotlight on the rapid rise in such transactions in India in recent years. Such limits were introduced given the surge in the volume of UPI transactions in India in recent years after …

RBI approves expanding UPI transactions to allow credit payments
1 year, 8 months ago

RBI approves expanding UPI transactions to allow credit payments

Live Mint  

Individuals with pre-approved credit lines from banks will soon be able to use it to make payments over the Unified Payments Interface, the Reserve Bank of India said on Thursday, setting the stage for new credit products over the homegrown payments platform. Last June, the RBI also approved the use of Rupay credit cards on UPI, stoking hopes that it …

How can you make payments using a credit card via UPI: Step-by-step guide
1 year, 8 months ago

How can you make payments using a credit card via UPI: Step-by-step guide

India TV News  

The National Payments Corporation of India has collaborated with payment aggregators such as Google Pay, Paytm, and Razorpay to allow credit card transactions over the Unified Payments Interface. This comes after the Reserve Bank of India linked RuPay credit cards to UPI in an effort to combine the benefits of both, providing customers with the quick payment experience of UPI …

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest
1 year, 8 months ago

'Main Payment Nahi Karega': UPI Charges For Over ₹2000 Transaction Trigger Meme Fest

News 18  

“Bhaiya, QR code hai kya?” Honestly, we all can relate to this line. But some ppl be like: pic.twitter.com/hloHJmtzfb — Kadak March 29, 2023 A user shared how people would clean their devices after the UPI changes come into effect. #UPIcharges pic.twitter.com/UD3Na6BKPD— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ March 29, 2023 In the middle of this, a user has shared the perfect UPI users vs …

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 8 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible
1 year, 9 months ago

UPI payments of up to ₹200 can now be done without pin — Paytm makes it possible

Hindustan Times  

India’s fintech and QR payments pioneer Paytm’s latest innovation Paytm UPI LITE offers a convenient solution for those who want to make quick and easy payments. One of the most impressive features of Paytm UPI LITE is the ability to make payments of up to ₹200 in a single click, without the need for the usual 4-6 digit UPI PIN. …

RBI allows UPI-based transactions for inbound travellers to India
1 year, 10 months ago

RBI allows UPI-based transactions for inbound travellers to India

The Hindu  

A facility to enable all in-bound travellers visiting India to make local payments using Unified Payments Interface while they are in India has been made available from Tuesday, the Reserve Bank of India said. “Eligible travellers would be issued Prepaid Payment Instruments wallets linked to UPI for making payments at merchant outlets. To begin with, ICICI Bank, IDFC First Bank …

Explained | India’s UPI push
1 year, 10 months ago

Explained | India’s UPI push

The Hindu  

The story so far: On January 10, the National Payments Corporation of India paved the way for international numbers to be able to transact using UPI. Addressing theinfrastructural and technological changes required to support such payments, he said, “Currently, all the internal systems as well as ecosystem players such as banks, NPCI, etc only understand India-based mobile numbers for UPI …

RBI Monetary Policy: UPI Payments To Be Made Easier, Bharat Bill Payment System To Include All Payments
2 years ago

RBI Monetary Policy: UPI Payments To Be Made Easier, Bharat Bill Payment System To Include All Payments

ABP News  

The Reserve Bank of India on Wednesday announced two major consumer-centric developments that will affect how you make investments, and shop online besides paying bills. The two changes announced in the monetary policy review include the Unified Payment Interface and Bharat Bill Payment System. Till now, the Bharat Bill Payment system has been limited to recurring bill payments for merchants …

Google adds UPI as a payment option to buy subscriptions from its Play Store
2 years, 1 month ago

Google adds UPI as a payment option to buy subscriptions from its Play Store

The Hindu  

Google is introducing UPI Autopay as a payment option for subscription-based purchases on Google Play in India. “With the introduction of UPI Autopay on the platform, we aim to extend the convenience of UPI to subscription-based purchases,” Saurabh Agarwal, Head of Google Play Retail & Payments Activation - India, Vietnam, Australia & New Zealand said in a release today. The …

Das unveils three digital payment solutions at Fintech Fest
2 years, 3 months ago

Das unveils three digital payment solutions at Fintech Fest

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Tuesday unveiled RuPay Credit Card on UPI, UPI Lite, and Bharat BillPay Cross-Border Bill Payments to further boost digital payments in India. Customers of Punjab National Bank, Union Bank of India, and Indian Bank will be the first to be able to use RuPay Credit Card on UPI with BHIM app. Bharat …

How UPI Autopay will help achieving a billion transactions a day in next 5 years
2 years, 3 months ago

How UPI Autopay will help achieving a billion transactions a day in next 5 years

Live Mint  

With digital payments penetrating in the country, the Unified Payments Interface transactions are setting record highs every month. Industry experts explain that how will UPI Auto Pay help in achieving a billion daily transactions in the next five years. “UPI AutoPay will enable seamless recurring payments like Digital Subscriptions, Insurance Premiums, Investments, Donations, EMIs, etc for millions of users in …

UPI: the dawn of digital fintech nirvana
2 years, 5 months ago

UPI: the dawn of digital fintech nirvana

The Hindu  

If you own a smartphone, you have most probably done UPI-based payments using BHIM or some other mobile application. Secondly, a Payment Service Provider takes care of the to-and-fro transactions to this VPA and finally, the UPI software orchestrates the fund movement from a customer’s VPA to a target VPA and completes the transaction. A ubiquitous payment system The popularity …

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin
2 years, 6 months ago

Rise in Spending Through Credit Cards, Debit Cards, UPI Indicates Pick-Up In Consumption: FinMin

News 18  

Spending through credit cards and debit cards in April jumps 77.8 per cent and 12.5 per cent to Rs 1.05 lakh crore and 3.49 lakh crore, respectively. “Value of UPI transactions processed through the National Payment Corporation of India stood at Rs 10.4 lakh crore during May 2022, the highest since UPI was launched in 2016, registering month-on-month growth of …

UPI-Credit Card: RBI's Decision To Give Another Filip To Homegrown Payment Platform
2 years, 6 months ago

UPI-Credit Card: RBI's Decision To Give Another Filip To Homegrown Payment Platform

News 18  

UPI-Credit Card Linking: As the Reserve Bank of India has proposed to link credit cards to Unified Payments Interface, the homegrown virtual payment system has got yet another filip for its growth. Here’s details about UPI and credit card usage in India: Total UPI Transactions in India RBI Governor Shaktikanta Das, while announcing the decision, said, “UPI has become the …

RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000
2 years, 6 months ago

RBI Policy: Now, no OTP needed for auto-debit recurring payments upto Rs 15,000

India TV News  

Highlights RBI had in 2019 first introduced the rule for processing recurring payments The latest decision means that customers will no longer need to authenticate payments manually The RBI decided to increase the limit after stakeholders urged central bank to revise the cap RBI Policy: The Reserve Bank of India has increased the limit for auto-debit mandates for making recurring …

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line
2 years, 6 months ago

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line

The Hindu  

The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface, which will enable more people to make payments using the popular platform. "…it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review. He said that Rupay credit …

RBI allows credit cards to be linked with UPI platform
2 years, 6 months ago

RBI allows credit cards to be linked with UPI platform

India TV News  

Highlights RBI today allowed credit cards to be linked with the unified payments interface It will enable more people to make payments using the popular platform At present, UPI facilitates transactions by linking savings or current accounts through debit cards RBI news updates : The Reserve Bank of India on Wednesday allowed credit cards to be linked with the unified …

Indians can now make payments using UPI in UAE
2 years, 8 months ago

Indians can now make payments using UPI in UAE

India Today  

Indian travellers can now seamlessly make payments in the UAE using the UPI-based apps. The UAE has a humongous population of Indian expats and having UPI as one of the payment methods would make it so much simpler for Indian travellers to make payments in the country. This initiative will enable Indian tourists to perform payments using BHIM UPI which …

Tech tips: How to make UPI payments without using the internet
2 years, 8 months ago

Tech tips: How to make UPI payments without using the internet

India Today  

India is on its road to becoming a cashless economy. Until now, the UPI payments could only be done from a smartphone, and people owning feature phones would still have to go for cash mode. “UPI 123PAY is an instant payment system for feature phone users who can use Unified Payments Interface payment service in a safe and secure manner. …

UPI123Pay: Payment solution for feature phone users
2 years, 9 months ago

UPI123Pay: Payment solution for feature phone users

The Hindu  

The story so far: On March 8, the Reserve Bank of India launched a new Unified Payments Interface payments solution for feature phone users dubbed ‘UPI123Pay’. The new UPI-based service is designed to bring the digital payments platform closer to a significant number of feature phone mobile subscribers in the country, which is estimated to be more than 40 crore. …

RBI launches UPI for feature-phone users
2 years, 9 months ago

RBI launches UPI for feature-phone users

Deccan Chronicle  

Mumbai: In a move that would boost digital payments among people from the lower rung of the society, the Reserve Bank of India governor Shaktikanta Das on Tuesday rolled out UPI123Pay, an option that would help over 40 crore feature phone users in the country to make Unified Payments Interface payments. Besides, the governor also launched Digi-Saathi—a 24x7 Helpline to …

RBI’s new UPI service doesn’t need a smartphone or internet. See details
2 years, 9 months ago

RBI’s new UPI service doesn’t need a smartphone or internet. See details

Hindustan Times  

The Reserve Bank of India on Tuesday launched a new service to enable UPI payments for non-smartphone users. UPI '123PAY' is a three-step method to initiate and execute services for users who have less advanced mobile phones or an internet connection via their phones. “Till now, multifaceted features of UPI are mostly available only on smartphones, which excludes people from …

RBI's UPI for Feature Phones; You Don't Need Smartphone, Internet for UPI Payments
2 years, 9 months ago

RBI's UPI for Feature Phones; You Don't Need Smartphone, Internet for UPI Payments

News 18  

The Reserve Bank of India on Tuesday launched a new digital payment mode — Unified Payments Interface called UPI123Pay for feature phones. “UPI123Pay will digitally empower millions across the country and help NPCI achieve its dream of a billion plus daily UPI transactions,” said Biswamohan Mahapatra, chairman, National Payments Corporation of India, the umbrella organisation for retail digital payments in …

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today
2 years, 9 months ago

UPI Payment Without Internet, Smartphone: RBI to Launch UPI for Feature Phones Today

News 18  

You don’t need a smartphone or internet connection to do Unified Payments Interface payments anymore. To enable thousands of feature phone users with the digital payment ecosystem in the country, the Reserve Bank of India is all set to launch UPI123Pay on Tuesday. Why UPI Payment for Feature Phones RBI governor Shaktikanta Das announced to launch a UPI-based payment system …

UPI autopay is now live on MyJio app
2 years, 11 months ago

UPI autopay is now live on MyJio app

Live Mint  

The National Payments Corporation of India on Wednesday said unified payments interface autopay is now live on MyJio App. Jio customers can now set standing instructions on the MyJio App using UPI AUTOPAY for their various tariff plans. Starting 1 October 2020, auto-debit mandates for payments of utility bills, insurance premiums, subscriptions etc were disrupted following an order from the …

2020 in review: Digital payments policy initiatives in 2020 that could have a lasting impact
3 years, 1 month ago

2020 in review: Digital payments policy initiatives in 2020 that could have a lasting impact

Firstpost  

Globally, the pandemic has had a transformative impact on digital payments in terms of adoption and growth. The RBI’s persistent steps furthering digital payments have supported last year’s challenges and forced wide-spread digitization. Avenues emerging last year to further UPI include recurring payments via UPI AutoPay, UPI based remittances and cross-border payments, NPCI’s international subsidiary) and offline PoS payments via …

How to set up BHIM UPI pay facility to make recurring payments
3 years, 1 month ago

How to set up BHIM UPI pay facility to make recurring payments

India Today  

The Reserve Bank of India has a new launch on auto-debit on Additional Factor of Authentication that has come into effect on October 01, 2021. The new feature made recurring payments, including OTT platforms, music apps, utility bill payments easier without extra confirmation through SMS or email. The UPI Autopay options help customers to use any UPI application for recurring …

Automated bill/card payments stop from today
3 years, 2 months ago

Automated bill/card payments stop from today

Deccan Chronicle  

New Delhi: Effective October 1, automatic recurring payments that you make via your debit, credit cards or mobile wallets/UPI will not be automatic but would require your authentication. Payment services such as electricity bills, gas, water or any other utility bills, mobile recharge, DTH, OTT, automatic subscriptions for newspapers, magazines, insurance premium, Netflix, Amazon, will mandatorily require additional factor of …

Third-party apps turn on UPI Autopay mode| All you need to know
3 years, 3 months ago

Third-party apps turn on UPI Autopay mode| All you need to know

India Today  

As UPI Autopay mode goes mainstream, you can now set up automatic monthly payments for your Netflix or Hotstar subscription without using a debit or credit card. The National Payments Corporation of India launched this UPI Autopay service last year, but it gained attraction only after top merchants such as Netflix and Hotstar adopted it. Top merchants to sign up …

Netflix rolls out support for UPI AutoPay payments in India: Here is how it works
3 years, 3 months ago

Netflix rolls out support for UPI AutoPay payments in India: Here is how it works

India Today  

Netflix is rolling out support for UPI AutoPay payments in India. The new UPI AutoPay feature will let users pay for their monthly Netflix subscription automatically. Meaning, you would not have to manually make payments, if you switch to AutoPay, the money will get deducted automatically from your UPI account. Talking about the AutoPay feature, Gunjan Pradhan, Head of Payments, …

Your Auto-debit Facility for Bills Might Fail from April 1; Here's Why
3 years, 8 months ago

Your Auto-debit Facility for Bills Might Fail from April 1; Here's Why

News 18  

Have you subscribed to any auto-debit facility for bills? Come April 1, your recurring monthly bill payments like mobile phones, utility bills, subscription charges for OTT streaming services, among others may soon be affected. RBI in its diktat has made it mandatory for banks to seek customer’s approval before completing any such transaction.The Banking regulator has given time till March …

Opinion | Bridging the financial divide digitally
4 years, 3 months ago

Opinion | Bridging the financial divide digitally

Live Mint  

The world economy has succumbed to the covid-19 pandemic over the past few months, leading to steep cuts in discretionary purchase. The phenomenal growth of the Unified Payment Interface in a country as diverse as India has drawn attention of all the big tech companies around the world with firms like Google requesting the US Federal Reserve to build a …

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