UPI Autopay makes establishing subscriptions simple. After deciding on a subscription plan for buy, customers want to easily faucet on the cost methodology within the cart, choose “Pay with UPI”, after which approve the acquisition of their supported UPI app.
Saurabh Agarwal, Head of Google Play Retail & Funds Activation, India, Vietnam, Australia & New Zealand mentioned, “We’re all the time taking a look at including widespread and efficient types of cost around the globe to make sure folks pays for apps and in-app content material conveniently. With the introduction of UPI Autopay on the platform, we intention to increase the comfort of UPI to subscription-based purchases, serving to many extra folks entry useful and pleasant providers – whereas enabling native builders to develop their subscription-based companies on Google Play.”
What’s UPI Autopay
The Nationwide Cost Company of India (NPCI) launched UPI AutoPay in July 2020. The function permits prospects to allow e-mandate utilizing any UPI utility for recurring funds similar to cell payments, electrical energy payments, EMI funds, leisure/OTT subscriptions, insurance coverage, mutual funds amongst others. For customers UPI Autopay means:
* Well timed funds avoiding late charges/ penalty.
* Customised cost choices (like month-to-month, quarterly and so forth) and quantities (Rs 1/- to Rs 5000+) for each buyer is obtainable in recurring mandates
* Modify/ Revoke/ Pause options additionally accessible for altering the orders positioned as and when required
* Safe and Handy approach to do recurring funds
* Cashless manner of transacting
* No documentation and paperwork required.