5paisa launched UPI autopay facility for mutual fund transactions
5paisa.com has decided to begin UPI AutoPay facility. the UPI AutoPay facility will be for mutual fund transactions.
- 5paisa.com is a discount broker.
- National Payments Corporation of India (NPCI ) has launched this facility.
UPI AutoPay facility Features –
- It will enable the processing of mutual funds and procurement of subscription products for customers of 5paisa.com.
- Can make e-mandate on UPI platform.
- It offers a ‘Mandate’ section.
- Users can create, approve, modify, and manage the auto-debit mandate.
Prakarsh Gagdani, CEO, 5paisa Capital Ltd said:
“We are honoured to be associated with NPCI. Investing via UPI revolutionized retail participation in IPOs. We believe recurring payments through UPI will have the same effect. With UPI, investing in systematic investment plans will become just a one-click process.”
Static GK National Payments Corporation of India (NPCI ) –
Q.1 Who has launched UPI autopay facility?
5paisa.com has decided to begin UPI AutoPay facility.
Q.2 UPI autopay facility will be used for?
the UPI AutoPay facility will be for mutual fund transactions.