So started this feature
The auto top-up option is aimed at saving the time of PhonePe Wallet users, which has a transaction success rate (99.99 percent). Once the UPI e-mandate is set up, users are not required to enter a PIN or wait for an OTP every time to load their wallet or make a payment.
Leapfrog will help with payments
As per the PhonePe note, the e-mandate is a big step forward for UPI and will help leapfrog payments to the next level by opening up a large number of use cases across businesses. The UPI e-mandate is important for the digital payment ecosystem, as it takes forward RBI’s vision of providing a seamless recurring payment experience to the customers.
Activate like this
Customers can activate Wallet Auto Top-up by selecting the ‘Top-up’ icon in the Wallet section on the PhonePe app homepage. Next, enter an amount that needs to be added to the wallet, and a pop-up will appear asking customers to enable auto top-up. Customers need to enter the auto top-up amount from Rs 1,000 to Rs 5,000 and top up and set the ‘Auto top-up’ wallet option at the bottom of the screen and enter the UPI PIN. On successful confirmation from the customer’s bank, the PhonePe Wallet is instantly recharged for the chosen amount, and an auto-top up mandate is created.
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