Cashfree Payments partners with NPCI to launch customer on-boarding feature 'AutoPay on QR' end the necessity to download an app or register on a website
MOUs and Agreement
Cashfree Payments, a financial technology company, on Tuesday announced the launch of ‘AutoPay on QR’ in collaboration with National Payments Corporation of India (NPCI).The feature enables customer on-boarding through a two-step workflow of scanning a QR code and approving an e-mandate via Unified Payments Interface (UPI) apps within 30 seconds.The company, which specialises in API banking solutions and payments, said ‘AutoPay on QR’ eliminates the necessity to download an app or register on a website as it directly activates a unique subscription for every customer.The feature will enhance customer acquisition, support retention, and facilitate growth for subscription-based businesses, said Cashfree in a statement.
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