Why use the UPI Autopay Features?

 The National Payment Corporation of India (NPCI) launched UPI AutoPay on July 22, 2020, as a recurring payments option. Paytm, one of India's most popular digital payment systems has recently implemented a new function called Paytm UPI Automatic Transactions. Customers can create an automatic monthly premium of a predetermined amount withdrawn from the account on a specified date using UPI Autopay. Users can use UPI apps like Paytm to initiate recurring transactions under Rs. 5,000 using autopay. Read on to learn more about Paytm UPI autopay & Gaana UPI autopay capabilities, as well as how to use them. 

UPI Autopay


 What is UPI Autopay, and how does it work? 


 Customers can utilize the Unified Payment Interfaces (UPI) to set up recurring monthly payments of a predetermined amount withdrawn from their accounts on a specific date. It allows clients to set up auto-debit for any online recurring payments. Users can utilize this service to pay bills, get content subscriptions, and get utility services, among other things. UPI AutoPay is a godsend for retailers and customers alike, as it allows users to form UPI mandates in seconds and have their monthly bills withdrawn automatically on predetermined dates. Likewise, retailers profit from early payment from the customers. 

 

What Are the Advantages of Paytm's Automated Payments? 

 

Customers benefit from UPI AutoPay since it is a secure and easy way to make regular payments. Let's look at a few of the advantages of using UPI AutoPay: 

 

  • UPI Autopay service provider company make this application, an individual may quickly automate payments using their current UPI account. 

  • Users can set up recurring payments in amounts ranging from Rs. 1 to Rs. 5000. 

  • Allows you to set up recurring payments simply and securely. 

  • Mandatory settings do not necessitate any paperwork or documentation. 

  • Aids in the use of cashless & digital payment methods. 

  • Payments made on time lessen the risk of penalties & late fees, which would be critical for any organization. 

  • After creating a commandment, consumers can amend, halt, or revoke the plan at any time.

UPI Autopay

 

 

How do the Paytm Automatic Payments assist you? 

 

Paytm users may now schedule their monthly bills and have them processed thanks automatically to this functionality. In addition, the company expects to conduct around one crore premium service transactions in the next six months. Users only need to provide merchants with whoever they want to pay at periodic intervals a one-time approval. Furthermore, the corporation will notify users a day before payment to opt out of the program if it is no longer needed. 

 

It's time to put it all together! 

 

Customers can now experience smooth services thanks to the digitization of bill payments. Paytm upi autopay company in India allows customers to schedule their monthly bills and have them processed automatically. Furthermore, the company will notify users just before payment to opt-out of the services if that is no longer needed. Users can use the processes mentioned above to make payments & enjoy monthly and annual subscriptions.


Read: Get The Best AEPS Micro Atm Service Provider In India 

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