Definition
A Mandate in UPI is a pre-approved instruction that allows automatic payments at a future date. It’s commonly used for subscriptions, EMIs, and bill payments.
Read More: Manage Your UPI Mandates with Paytm
How It Works
You authorize a one-time mandate, and the amount is debited on the selected date without requiring UPI PIN each time.
Use Cases
- OTT subscriptions
- Loan EMIs
- Insurance premium payments
The meaning of UPI mandate is to help users automate recurring payments securely within the UPI system.
