How many of you are excited about this? It enables recurring payments through UPI without the hassle of entering the code for transactions less than <2k.
Which would be the largest use case for you - utility payments or passes for public transport (Metro, Bus, Train etc.) or something else?
This is a great news. UPI likely to garner 1B+ transaction a day by 2025.
UPI Recurring will be key enabler to improve the unit eco (LTV>CAC) for digital subs businesses.
@Seema are you talking about NACH e mandate? If that’s the case, it is on the account and can be done through a linked debit card or internet banking facility. Whereas UPI autopay will be similar to the card-based autopay facility.
Absolutely correct, @AshishBhalla!
If I link two accounts in PhonePe, I can switch among the two in case I plan to close an account. More power to the consumers.