Uploaded on Apr 12, 2022
Fidypay is the best UPI Autopay service provider company in India. UPI AutoPay is a feature that allows customers to enable e-mandate using any UPI application without having to enter a PIN for every recurring payment.
UPI Autopay service provider company
UPI AUTOPAY SERVICE PROVIDER
COMPANY
The unified payments interface or UPI Autopay work
to send or receive money or scan a response code
to pay an individual. You can transfer money
between bank accounts across a single window.
Fidypay is the best UPI Autopay
service provider company in India. UPI Autopay is a
feature that allows customers to enable e-mandate
using any UPI application without having to enter a
PIN for every recurring payment.
HOW DOES UPI AUTOPAY WORK?
A merchant that needs to offer repeating payments through UPI
Autopay needs to enroll with a recurring payment service provider like
Cash free that supports UPI Autopay.
Merchant can offer the client the choice to make an e-mandate
through UPI ID, QR scan, or Intent.
On getting the e-mandate approval demand, the client can open a UPI
application, go to the mandate section, review the mandate details,
select the bank/debit card and enter the UPI PIN to approve the e-
mandate.
When the client verifies, the bank account connected with the UPI ID
will get auto-debited and the amount will flow to the merchant's
account according to the common installments terms.
BENEFITS OF UPI AUTOPAY
Payments can be automated very easily from the current UPI
account on any UPI enabled application.
Automated bill payments are very helpful in avoiding late
installments.
Automatic and timely payments also help you improve your
credit score.
Once automation of payments is done, you do not need to
continue to do the task every month.
Customisable and convenient platform designed according
to client necessity.
TO KNOW MORE
VISIT
https://fidypay.com/product/upi-autopay/
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