Day 19 of PM Modi's dynamic 30-day UPI Challenge sparks innovation in the digital realm!

 

🚀 Day 19 of PM Modi's dynamic 30-day UPI Challenge unfolds like a digital symphony, orchestrating innovation in every transaction! 💳💻

The quest for an enhanced UPI experience continues, shaping the future of seamless digital payments.

Let's ride this wave of transformative fintech with excitement and anticipation! 🌐📈 #30DayUPIChallenge #DigitalInnovation

         NPCI vide Cir.No.NPCl/UPl/OC-182/2023-24 dt. 7th December 2023, addressed to ‘Members - Unified Payments Interface (UPI), informed about User Experience Enhancements for UPI AutoPay.

As the UPI AutoPay journey evolves, weaving its significance into digital transactions, NPCI ushers in transformative enhancements to elevate user experience. 🌐📈

         As UPI AutoPay continues to evolve, weaving itself into the fabric of digital payments, it's time for transformative enhancements to elevate the user experience. 🚀📈

 

Noteworthy Enhancements:

 

1. In-App Merchant Recurring Payments: 

   1.1 UPI Apps unveil a dedicated section for users' bills and in-app merchant recurring payments. 

   1.2 UPI AutoPay takes center stage as the default payment option for bills and recurring payments in the "Pay via UPI" section.

 

2. AutoPay Transaction Limits: 

   2.1 UPI AutoPay transactions won't encroach on regular UPI transaction limits, ensuring seamless financial interactions. 

   2.2 For verified merchants, mandate creation and execution can now extend up to UPI transaction limits, with the AFA limit maintaining at 15,000/- as per the circular NPCl/UPl/OC No. 151/2022-23.

 

3. Mandate Management by Merchants: 

   3.1 Merchants (excluding MCC 7322) are encouraged to support mandate pause functionality to eliminate confusion. 

   3.2 To cancel mandates, merchants should use the UPIAutoPay channel via their acquiring bank, ensuring clarity for users.

   3.3 Merchants (excluding those under MCC 7322) must support mandate pause functionality to avoid confusion. 

4. Adherence to Latest Mandate Linking Specifications: 

   Payer apps and merchants are urged to align with the latest mandate linking specifications for an enhanced customer experience. This includes separate display of the first debit amount, QR scanning support, and the flexibility for users to choose between one-time and recurring payments.

 

5. Standardization of Merchant VPA Format: 

   Acquiring banks are advised to adopt the standard VPA format for onboarding new merchants, ensuring a streamlined process within the UPI ecosystem.

A structured approach ensures clarity and efficiency in the UPI ecosystem.

 

All UPI community members are encouraged to embrace these enhancements, collectively steering UPI towards an era of unparalleled convenience and innovation by the 15th of February 2024.

All members of the UPI community are urged to embrace these enhancements, fostering a more user-centric UPI AutoPay experience by the latest 15th of February 2024.

Let's propel UPI into a future where user experience takes center stage! 🌟🤝 #UPIAutoPay #DigitalInnovation #UserExperience

Let's collectively propel UPI into a future of unparalleled convenience and innovation! 🌟🤝 #UPIAutoPay #UserExperience #DigitalInnovation

 

**Paving the Way for Safe ePayments: Declaring Safe ePayDay! ** 🚀

In the vast realm of digital transactions, the spotlight is now on declaring a special day — Safe ePayDay / Safe ePayments Day! 💳✨

 

🚀 The countdown has begun, and the day is fast approaching when we'll join together in a global celebration of Safe ePayDay.

🌍✨ Imagine a day dedicated to promoting secure, seamless, and responsible electronic transactions, uniting individuals, and businesses alike.

 

Stay tuned for the momentous occasion when we collectively recognize and applaud the significance of secure ePayments in shaping a trustworthy financial landscape. 🎉💼

Let's usher in the era of Safe ePayDay, a day where we celebrate the reliability and resilience of electronic payment systems worldwide! 🌐💳 #SafeePayDay #DigitalTrust #SecureTransactions 🚀

 

 

📢 Disclaimer: These are my personal views only.

🌐 The focus is declaring a Day as Safe ePayDay / Safe ePayments Day.

🚀 Yes, the day is not far off when there will be a celebration of Safe ePayDay / Safe ePayments Day.

Copyrights if any, belong to the original copyright holder only.

 

Additional Readings:

💳✨ Happy RuPay Credit Card User Shares Positive Vibes! ✨💳** @ https://prashantnepayments.blogspot.com/2023/11/happy-rupay-credit-card-user-shares.html

PM Modi Urges Exclusive Use of UPI on Mann Ki Baat: A Month Dedicated to Digital Payments @

https://prashantnepayments.blogspot.com/2023/11/pm-modi-urges-exclusive-use-of-upi-on.html