Google announced that it is launching Unified Payments Interface (UPI) Autopay as a payment method for subscription-based transactions in its app marketplace in India.
After RBI (Reserve Bank of India) regulations governing automatic payments in India changed, UPI Autopay will make it easier for customers to set up subscriptions by enabling them to make recurring payments using any UPI application that supports the capability.
After users choose a subscription plan to buy on Google Play, the UPI Autopay option streamlines the payment process. They only need to tap on the payment method in the shopping cart, choose “Pay with UPI,” and then confirm the purchase in a UPI app that supports their bank.
The National Payments Corporation of India launched UPI Autopay as part of UPI 2.0 (NPCI). In India, the UPI payment option was launched on Google Play in 2019.
After receiving two consecutive fines totaling Rs 2,274 crore from the Competition Commission of India (CCI) for abusing its dominant position with regard to its Play Store policies and engaging in anti-competitive practises with regard to the licencing of its Android Operating System (OS) and proprietary mobile applications, Google made its announcement.
