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Mirae Asset MF jointly with KFintech and BillDesk has launched UPI AutoPay mandate for SIP registrations.
Through UPI AutoPay, investors can set up mandate for SIP through any UPI based payment app like Bhim, Phonepe or GPAY.
Talking about the launch, Shrinivas Khanolkar, Head - Products, Marketing & Corporate Communications, Mirae Asset MF said, “UPI has already revolutionised payments, with UPI autopay we are introducing a new facility which has the potential to revolutionise SIPs. We are confident this facility should help our investors to adopt UPI AutoPay as a preferred mode for mandate registrations.”
To this Karthik Ganapathy, Co-Founder, BillDesk added “We are excited to partner with Mirae Asset MF and KFinTech to deliver an industry-first UPI AutoPay solution for mutual fund SIPs. UPI AutoPay is an extremely convenient facility for investors to view and manage their SIPs.”
Sreekanth Nadella, MD & CEO, KFintech also shared his views. He said, “Mirae Asset MF and KFintech have orchestrated the country's first 'Mandate+SIP registration' solution which we believe will significantly drive ease of doing business for both investors and distributors alike.”
