India, Aug. 31 -- The National Payments Corporation of India (NPCI) is reportedly set to make UPI AutoPay interoperable, allowing users to port their existing mandates across UPI apps and merchants to move mandates from one payment provider to another.

Under the proposed system, users would be able to shift existing AutoPay mandates to another UPI app instead of cancelling and recreating them for subscriptions, insurance premiums, SIPs, or loan repayments, Mint reported, citing sources.

Similarly, merchants switching payment gateways or acquiring banks would be able to move existing mandates to the new provider without requiring customers to register again.

Both features are expected to be announced at the Global Fintech Fest in Mumbai...