PhonePe launches India’s first Wallet with Auto Top-Up – Times of India

PhonePe has launched Wallet Auto Top-up feature using UPI e-mandates for its customers. This feature allows PhonePe customers to set up a UPI e-mandate once, after which PhonePe will automatically top up their wallet balance, when it falls below a minimum level.
This means PhonePe customers can now make multiple payments using their Wallet, without having to top up their wallet balance manually each time. Once the UPI e-mandate has been set up, users don’t need to enter any PIN or wait for an OTP each time they want to load their wallets, or make a payment.
PhonePe customers can enable Wallet Auto Top-Up using these steps:
* All they need to do is click on the ‘Top-Up’ icon in the wallet section on the PhonePe app homepage.
* Customers then need to enter an amount of their choice to be topped-up. A pop-up will be automatically shown to the customers to enable Auto Top-Up.
* Customers need to enter the Auto Top-Up amount ranging from Rs 1,000 to Rs 5,000 and click on the ‘Top-Up & Set 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 wallet gets recharged for the chosen amount instantly and an auto-top up mandate is created.