UPI AutoPay
E633198
UPI AutoPay is a recurring payments feature within India’s Unified Payments Interface that enables users to set up automatic, pre-authorized transactions for subscriptions and other periodic bills.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
UPI feature
ⓘ
payment automation service ⓘ recurring payments feature ⓘ |
| aimsTo |
improve payment success rates for recurring charges
ⓘ
reduce payment friction for subscriptions ⓘ simplify recurring payments ⓘ |
| authenticationMethod |
UPI PIN at mandate creation
ⓘ
device binding via UPI app ⓘ |
| category |
digital payments
ⓘ
fintech ⓘ |
| country | India ⓘ |
| enables |
automatic recurring payments
ⓘ
periodic bill payments ⓘ subscription payments ⓘ |
| hasFeature |
automatic debit on due date
ⓘ
customer-initiated mandate creation ⓘ mandate cancellation ⓘ mandate modification ⓘ mandate pause ⓘ merchant-initiated collections ⓘ spending limits per mandate ⓘ transaction notifications ⓘ validity period for mandates ⓘ |
| isUsedBy |
UPI users in India
ⓘ
billers ⓘ online merchants ⓘ subscription service providers ⓘ |
| operatesInJurisdiction | India NERFINISHED ⓘ |
| partOf | Unified Payments Interface NERFINISHED ⓘ |
| regulatedBy |
National Payments Corporation of India guidelines
ⓘ
Reserve Bank of India NERFINISHED ⓘ |
| requires |
UPI-enabled application
ⓘ
customer authorization ⓘ linked bank account ⓘ mandate registration ⓘ |
| securityModel | RBI and NPCI-compliant authentication ⓘ |
| supports |
OTT subscription payments
ⓘ
e-mandates ⓘ insurance premium payments ⓘ loan EMI payments ⓘ merchant subscriptions ⓘ mutual fund SIP payments ⓘ pre-authorized transactions ⓘ recurring in-app payments ⓘ utility bill payments ⓘ |
| uses |
UPI infrastructure
ⓘ
UPI virtual payment addresses ⓘ UPI-enabled bank accounts ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.