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Banks ask RBI to allow UPI 2.0-enabled devices use recurring payments feature, says report

Updated : March 22, 2019 08:32 AM IST

The newly developed technology by the National Payment Corporation of India (NPCI) in August 2018 has been one of the most anticipated recurring deposit features by the banks, the report said.
However, the central bank, citing concerns regarding the misuse of the feature, has left it out of the official version, the report added citing industry sources.
Banks ask RBI to allow UPI 2.0-enabled devices use recurring payments feature, says report

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