NPCI Introduces UPI AutoPay Feature for Recurring Payments

Jul. 22, 2020

The National Payments Corporation of India has today launched UPI AutoPay. The launch announcement was made at the Global Fintech Summit which is being held virtually this year due to theCoronaviruspandemic.

Speaking at the announcement of the new payments feature, Nandan Nilekani, co-founder of Infosys said,“We have long been planning a digital payments economy. And, now we are seeing a huge amount of digital payments, more than cash withdrawals. As we provide more and more such user friendly services like UPI AutoPay we will see more and more adoption of digital payments. This is one of the national goals to increase the proportion of digital payments and reduce the amount of cash we use in our economy.”