A New Era of Subscription Payments: UPI AutoPay Now More Convenient with Credit Cards!
This news is truly exciting! 😮 The UPI AutoPay feature, unveiled at the Global Fintech Festival 2025, has made subscription payments significantly easier through credit cards. We can look forward to how our lives will become more convenient!
Hello everyone! I have some very exciting news to share with you all today. I was really intrigued when I came across this news! 🤩
It's about a new technology that will revolutionize subscription payment methods.
A New Horizon for Subscription Payments, UPI AutoPay!
Recently, at the Global Fintech Festival (GFF) 2025, PhonePe PG, in collaboration with RuPay and JioHotstar, unveiled a new subscription management solution leveraging UPI AutoPay, named 'Subscription IQ'. This technology is gaining attention particularly for its ability to power UPI AutoPay functionalities through RuPay credit cards.
Goodbye to the Inconveniences of the Old Way!
Subscription services we commonly use involve recurring payments. However, the existing UPI AutoPay was primarily linked directly to bank accounts. This often led to payment failures if there were insufficient funds on the withdrawal date, causing inconvenience in service usage. I've experienced this concern more than once. 😅
Found this article helpful?
Never miss insights like this - delivered every morning
Convenience Through Credit Cards!
However, the newly unveiled 'Subscription IQ' is poised to be the key to resolving these inconveniences! Customers can now set up UPI AutoPay mandates through RuPay credit cards. What does this signify?
It means subscription payment amounts can be managed through credit limits! Thanks to this, you can continue using services like JioHotstar without interruption, free from worries about payment failures due to insufficient account balances. It's truly reassuring, isn't it? 👍
Welcome News for Merchants Too!
These changes are also expected to have a very positive impact on merchants offering subscription services. With lower payment failure rates and reduced customer churn, they can provide a smoother overall subscription experience. This can, in turn, lead to business stability, right?
Support for Various Payment Modes!
What's even more impressive is that this solution supports various recurring payment modes, not just UPI AutoPay, but also eNACH. In the future, more customers will be able to utilize subscription services in ways that suit them best. Isn't that exciting? 😄
The upcoming changes in the subscription payment market due to the collaboration between PhonePe PG, RuPay, and JioHotstar are highly anticipated. What are your thoughts on this new development? Please share your opinions in the comments!
Hoping for a more convenient daily life thanks to these smart changes in payment methods,
That's all for today's news. I'll be back with more useful and interesting information next time! ✨