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National Payments Corporation of India (NPCI) has launched recurring payments for UPI. What is its name?
UPI Repay
UPI Prepay
AutoPay
UPI recurring
UPI pay
- Option 1: UPI Repay - This name suggests a feature related to repayment, but it is not associated with recurring payments.
- Option 2: UPI Prepay - This implies a payment made in advance. It doesn't fit the concept of automatic recurring payments.
- Option 3: AutoPay - This is the correct answer. NPCI launched the feature as 'AutoPay' for enabling recurring payments through UPI. It allows automatic deductions at regular intervals for services like subscriptions.
- Option 4: UPI recurring - This is descriptive but not the official name.
- Option 5: UPI pay - A general term for any UPI transaction, not specific to recurring payments.
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