Businesses use many different online subscriptions for ease of doing work, entertainment, and various other services. These subscriptions come with weekly, monthly, or yearly payment plans. With RBI banning the auto-debit feature from debit cards and credit cards, remembering the payment details, intervals and making the payment without fail is a hassle.
Therefore, the secure UPI Autopay system gives merchants the freedom to set up mandates for customers. It relieves them from the mental burden of worrying about every payment they are yet to receive and sending reminders to customers for payment.
Merchants can manage the mandates easily without any hassles. They can revise payment intervals and revoke the mandates set for their customers. They do not need to wait for customers to make payments as the money is auto-debited at regular intervals once the customer authorizes the mandate (a one-time event). UPI Autopay gives merchants and their customers freedom from annoying reminders and a secure platform to make recurring payments automatically.