PhonePe’s AutoPay Feature: How to Set Up and Manage Recurring Payments

With the growing popularity of digital payments, managing recurring payments has become easier than ever. Whether it’s your monthly utility bills, subscriptions, or loan EMIs, PhonePe offers a convenient solution with its AutoPay feature. This feature allows you to automate payments, ensuring you never miss a due date and eliminating the hassle of manually making payments every month.

In this guide, we’ll walk you through how to set up and manage recurring payments using PhonePe’s AutoPay feature. From bill payments to subscription services, you can use AutoPay for a wide range of services and ensure smooth, timely transactions.

What is PhonePe’s AutoPay Feature?

PhonePe AutoPay is a feature that enables you to set up automatic payments for your recurring expenses. Once you set up AutoPay, PhonePe will automatically deduct the required amount from your linked bank account or PhonePe Wallet on the due date. This is ideal for recurring payments like:

• Utility Bills (electricity, water, gas, etc.)
• Mobile and DTH Recharges
• Loan EMIs
• Subscription Services (OTT platforms, magazines, etc.)
• Insurance Premiums
• Broadband Payments

AutoPay helps you ensure that your bills and subscriptions are paid on time, without the need for manual intervention each month. It reduces the chances of late fees or penalties for missed payments and helps you maintain a good credit history.

Why Should You Use PhonePe’s AutoPay Feature?

There are several benefits to using PhonePe AutoPay:

1. Convenience: No more remembering due dates or logging into different portals to pay your bills. Once set up, payments are processed automatically.
2. Timely Payments: With AutoPay, your payments are made on time, preventing late fees or penalties.
3. Secure and Hassle-Free: Your payment details are securely stored, and transactions are processed with high-level encryption, making the entire process safe and seamless.
4. Multiple Payment Options: You can link multiple bank accounts or use your PhonePe Wallet for automatic payments.
5. Track Payments Easily: PhonePe allows you to track all your recurring payments in the app, so you can always monitor your expenses.

How to Set Up PhonePe’s AutoPay Feature

Setting up PhonePe AutoPay is quick and easy. Here’s a step-by-step guide to help you get started:

Step 1: Open the PhonePe App

• Download and install the PhonePe app if you haven’t already.
• Login to your account using your mobile number and OTP.

Step 2: Link Your Payment Method

Before you can set up AutoPay, you need to link your bank account or PhonePe Wallet to the app:

• Go to the ‘My Money’ section of the PhonePe app.
• Select ‘Bank Accounts’ or ‘Wallet’ to link your payment method.
• Add your UPI ID, debit/credit card, or bank account details. You can also link your PhonePe Wallet to use it for payments.

Step 3: Navigate to the AutoPay Section

• Open the PhonePe app and tap on the ‘Recharges & Bills’ tab from the home screen.
• Choose the ‘AutoPay’ option (typically found under ‘Bill Payments’ or ‘Subscriptions’).

Step 4: Select the Service for Recurring Payments

• Choose the service for which you want to enable AutoPay, such as electricity, mobile bills, DTH recharge, or loan EMI.
• If the service is not listed, you can search for it by name in the search bar.

Step 5: Choose the Payment Frequency and Amount

• Select the payment frequency (e.g., monthly, quarterly, etc.) depending on the service you are paying for.
• Enter the amount you want to pay (if required), or choose the default amount displayed based on the service.

Step 6: Review and Confirm the Setup

• After entering the necessary details, review your setup. You will be shown a summary of your recurring payment, including the service, payment amount, and due date.
• You’ll also be able to see the payment method you’ve linked for AutoPay.

Step 7: Activate AutoPay

• After reviewing the details, click ‘Confirm’ or ‘Activate AutoPay’ to enable the feature.
• PhonePe will prompt you to verify the transaction by entering your PIN or confirming via OTP (depending on your payment method).

Once the setup is complete, you’ll receive a confirmation message stating that your recurring payments are now automated.

How to Manage and Edit Your AutoPay Subscriptions

Once you have set up AutoPay, managing and editing your recurring payments is simple. Here’s how you can make changes or track your AutoPay services:

Step 1: Go to the ‘AutoPay’ Section

• Open the PhonePe app.
• Tap on the ‘Recharges & Bills’ section and select ‘AutoPay’ to view all your active AutoPay subscriptions.

Step 2: View and Edit Your AutoPay Services

• You will see a list of all your active subscriptions.
• Tap on any subscription to view its details, including the service, payment frequency, next payment date, and amount.
• To Edit: If you need to make changes, such as updating the amount, payment method, or frequency, you can edit the subscription by tapping on the ‘Edit’ button.
• To Cancel: If you want to cancel any recurring payments, tap on the ‘Cancel AutoPay’ option. Confirm the cancellation to stop future payments.

How to Check Your AutoPay Payment History

You can easily track your past AutoPay transactions in the PhonePe app:

1. Go to the ‘My Money’ section and tap on ‘Transaction History’.
2. Look for payments under the ‘Bill Payments’ or ‘AutoPay’ categories.
3. Here, you can see the details of your completed and upcoming payments, including amounts and due dates.

Benefits of Using AutoPay for Recurring Payments

1. Time-Saving: You don’t have to manually process payments every month, saving you valuable time.
2. Reduced Risk of Late Fees: Automatic payments ensure that you never miss a due date, avoiding late payment fees and penalties.
3. Seamless Experience: Once set up, your recurring payments happen automatically, ensuring a seamless payment experience.
4. Greater Financial Control: You can monitor all your recurring payments in one place and easily update or cancel them when needed.
5. Multi-Service Support: AutoPay isn’t limited to bills; you can also use it for subscriptions, loan EMIs, and more.

Things to Keep in Mind While Using PhonePe’s AutoPay Feature

1. Sufficient Balance: Ensure that there’s enough balance in your linked bank account or PhonePe Wallet to cover the recurring payment on the due date. If there are insufficient funds, the payment might fail.
2. Check Payment Dates: Always check the payment date for your AutoPay services. If it’s linked to a credit card or debit card, make sure your card doesn’t expire before the next payment.
3. Notifications: PhonePe will notify you before the AutoPay payment is due, so you’re always aware of upcoming charges.
4. Updating Details: If your payment details change (e.g., card expiry or bank account change), make sure to update them in the ‘Payment Methods’ section to avoid missed payments.

Conclusion

PhonePe’s AutoPay feature is a powerful tool for managing recurring payments, helping you stay on top of your bills, subscriptions, and loan EMIs without the hassle of remembering due dates. By setting up AutoPay, you can ensure timely payments, save time, and avoid late fees, all while keeping track of your finances in one place.

Whether it’s for utility bills, OTT subscriptions, or EMIs, setting up PhonePe AutoPay is quick, secure, and simple. So, go ahead and enable AutoPay for your recurring expenses and enjoy a hassle-free digital payment experience!