Copyright informalnewz
UPI AutoPay gives users complete control and security over recurring payments like bills, EMIs, and subscriptions, making payments automatically and on time. You can cancel or change them anytime from your UPI app, making digital payments easy and reliable. The UPI AutoPay feature, launched by the National Payments Corporation of India (NPCI), is now making life much easier for people. This service automatically makes regular payments, such as electricity bills, EMIs, OTT platform subscriptions, mutual fund SIPs, and insurance premiums, all automatically processed on time. Now, you don’t have to worry about monthly reminders or payments. UPI AutoPay allows users to set payment mandates through their UPI app, specifying the date and amount to be automatically deducted from their bank account. Whether monthly, quarterly, or annual, this feature is completely secure and transparent. Users receive notifications before each debit transaction, ensuring complete control. This feature is especially beneficial for those who have multiple bills that arrive at different times. Now, all payments will be processed on time, eliminating the hassle of bill delays or penalties. Customers can also change, pause, or cancel mandates at any time from their UPI app. UPI AutoPay has also made subscription renewals for OTT platforms like Netflix and Disney+ Hotstar incredibly easy. Furthermore, financial commitments like EMIs and SIPs are also processed without delay. The popularity of this feature is growing day by day and is taking India’s digital payments to new heights. According to NPCI data, as of January 2025, UPI AutoPay has captured over 53% of recurring transactions, a threefold increase from the previous year. This rapidly growing trend demonstrates the importance people place on the ease, self-reliance, and security of digital payments. Simplicity, security, and speed are the key strengths of this technology. Users no longer need to worry about multiple bills, as UPI AutoPay handles everything for them. This feature is also helping to promote cashless transactions in India, and its reach will only increase in the future. Read More: Income tax audit filing deadline extended, now filing can be done till this date
