NPCI CEO Dilip Asbe pitches UPI autopay after Elon Musk insists on $8 fee for blue ticks
- The NPCI has marketed its UPI autopay solution to handle the monthly payments even as controversy surrounds Twitter’s decision to charge users for “blue ticks.”
- Dilip Asbe, managing director and chief executive of National Payments Corporation of India (NPCI), responded to a tweet from billionaire Musk by stating that the UPI’s recurring payments product already has 7 million subscribers.
- Asbe responded to Musk’s tweet by tagging Twitter and writing, “No worries, India has UPI AutoPay (7 Mn new approved collection mandates/month) to collect every anytime/month/quarter or annual as you like dear Twitter.”
- In a tweet, Musk stated, “To all complainers, please continue moaning, but it will cost USD 8.”