The National Payments Corporation of India (NPCI) on Wednesday said that Unified Payments Interface (UPI) Autopay is now live on the MyJio app. Jio customers can now set up standing instructions on the MyJio app using UPI AUTOPAY for their various tariff plans.
Jio said that it is the first player in the telecom industry to go live with the unique e-mandate facility launched by NPCI.
With effect from 1 October 2020, the auto-debit mandate for payment of utility bills, insurance premiums, subscriptions etc was disrupted following an order from the Reserve Bank of India (RBI), which included additional factor authentication (AC) on all recurring payments made to customers. AFA) was mandatory. Through their Debit Cards, Credit Cards, UPI and Prepaid Payment Instruments (PPIs).
With UPI Autopay, Jio users will not need to remember their recharge date after the validity expires as the tariff plan chosen by the users will be auto-renewed on the stipulated date.
As per RBI guidelines, for recharge amount up to Rs 5,000, customers are not required to enter UPI PIN to validate the recharge transaction. Users can also create, modify and delete e-mandates for tariff plans as per their requirements through UPI Autopay, NPCI said in its statement.
“The combination of Jio’s improved prepaid and postpaid plans and UPI AUTOPAY will now be available to every Jio user. Jio users will no longer need to remember their recharge renewal date or bill payment date and make manual payments. This will enable an always on service experience for every prepaid user of Jio.”
“We are delighted to associate with Jio and see UPI AUTOPAY enter the ever-evolving telecom space. We are confident that our collaboration will transform the experience of Jio customers renewing their mobile tariff plans. With UPI Autopay, it is our constant endeavor at NPCI to provide an added layer of comfort and convenience to all customers for their recurring expenses and payments. We believe this integration will foster favorable customer sentiment around seamless and automatic recurring payments,” said Kunal Kalavatia, Head of Products, NPCI.
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