Single-block-and-multiple-debits: Here’s how this new UPI feature ensures secure payments

RBI’s new feature in the UPI platform will ensure both timely deliveries and payments to both customers and merchants.

Single-block-and-multiple debits: What is this new UPI feature RBI has added?

A customer will create a payment mandate against a merchant by blocking funds in his/her bank account for specific purposes which can be debited, whenever needed.

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Single-block-and-multiple-debits: Here’s how this new UPI feature ensures secure payments

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Single-block-and-multiple debits: What is this new UPI feature RBI has added?