New Delhi, Aug. 26 -- India's investors are increasingly relying on Unified Payments Interface (UPI) autoPay to evaluate user retention during fundraising discussions. By looking at recurring payment commitments, investors argue, they can determine whether a platform has genuinely active, paying customers or merely inactive "dead users".

Data from the National Payments Corporation of India (NPCI) showed that the top 10 banks cumulatively processed nearly 1.8 billion UPI e-mandate transactions in July, more than three times the 585 million handled in July 2025.

This rapid surge in volume has prompted venture capitalists to look beyond surface-level payment figures. Investors are now interested in closely evaluating repeat customers by st...