NPCI To Let Users Port UPI AutoPay Mandates Across Apps: Report

by · Inc42

SUMMARY

  • NPCI is set to make UPI AutoPay interoperable, allowing users to port mandates across UPI apps and merchants to move them between payment providers
  • The proposed changes could reduce the hold of dominant UPI apps and payment gateways over recurring payments while making it easier for consumers and merchants to switch providers
  • The features are expected to be announced at the Global Fintech Fest in Mumbai next month