Account holders will be able to give standing instructions to enable recurring payments through the Unified Payments Interface (UPI) platform. The RBI has allowed payments processors to debit accounts through UPI based on a mandate provided by the customer. This facility would be available for payments of up to Rs 2,000 only.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2R1pu0w
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