How M2P Enables UPI Autopay Interoperability for Banks

The next evolution in recurring payments is here. NPCI's mandate for UPI Autopay interoperability is set to create a more resilient, competitive, and customer-centric payment ecosystem. For banks and financial institutions, this presents both a compliance requirement and a strategic opportunity.  
 
The core challenge? The significant development effort required to upgrade legacy systems. 

At M2P Fintech, we have engineered our UPI Switch to do the heavy lifting for you. As a leading payment infrastructure provider, we empower banks to seamlessly adopt this new framework, reduce go-to-market time, and deliver a superior experience to merchants and end-users. 

The Challenge: Why Interoperability Requires Deep System Changes 

Previously, UPI Autopay mandates were rigid. They locked merchants to a single Payment Service Provider (PSP) and tied users to the UPI app where the mandate was created. This created business continuity risks and friction for everyone involved. 

The new interoperability framework solves this but requires substantial technical updates for banks acting as acquirers, payers, or remitters. Core processes must be re-architected to handle: 

• The generation and validation of the new Merchant Identifier Code (MIC). 

• New APIs for fetching and porting mandates across different UPI apps. 

• Complex transaction routing logic to support PSP fallback. 
  

Developing these capabilities in-house is a time-consuming and resource-intensive process. 

The Solution: M2P's UPI Switch for Effortless Compliance 

M2P's UPI Switch is a ready-to-deploy solution that abstracts away the complexity of this transition. We provide the core infrastructure needed for banks and fintechs to become fully compliant with the new guidelines, fast. 

Here’s how we empower our banking partners: 

1. Acquire and Execute Mandates with Full Interoperability 

The new framework replaces VPA-based validation with the Merchant Identifier Code (MIC), a unique code tied to the merchant's PAN. This allows a mandate to be executed through any of the merchant's onboarded PSPs. 

How M2P helps: Our UPI Switch is already equipped to handle MIC-based validation and routing. We enable banks to offer their merchants true acquiring interoperability, ensuring business continuity for UPI mandates. If a primary PSP fails, our system automatically reroutes the transaction through a secondary provider, drastically reducing payment failures and protecting revenue streams. 

2. Empower Users with Mandate Portability 

The NPCI guidelines empower users to view and transfer their active mandates between any UPI app. This feature, known as UPI mandate portability, is critical for customer retention and delivering a modern user experience. 

How M2P helps: M2P's platform readily supports the new Fetch Mandate and Port Mandate APIs. By partnering with us, banks can quickly offer these features through their own UPI apps without the need for extensive internal development. You can provide your customers with the freedom they expect, fostering loyalty and a competitive edge. 

Partner with M2P to Go-Live Faster 

The transition to an interoperable UPI Autopay system is not just about compliance; it’s about future-proofing your payment offerings. With M2P, you can avoid the long development cycles and operational hurdles. 

Our UPI Switch provider platform delivers: 

• Accelerated Compliance: Go live with the new interoperability features in a fraction of the time. 

• Reduced Development Overhead: Free up your internal tech resources to focus on your core business and product innovation. 

• Enhanced Resilience: Leverage our sophisticated routing and fallback logic to offer higher success rates to your merchants. 

• Expert Guidance: Partner with a team that has deep expertise in the intricacies of India's payment ecosystem. 

The era of locked-in recurring payments is over. If you are a bank or financial institution looking to navigate the transition to UPI Autopay interoperability with speed and confidence, M2P Fintech is your trusted partner. 

Ready to enable the future of recurring payments? Contact us today to learn more about our UPI Switch solution.