🚀 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
