Which of the following has introduced automatic recurring payments to pay for periodic recurring expenses automatically?
A. Paytm
B. Phonepe
C. Mobiwik
D. Airtel Payment Bank
Answers
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Paytm is the correct answer
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Paytm is a company that has introduced automatic recurring payments to pay for periodic recurring expenses automatically.
Answer: Option A.
Explanation:
Automatic recurring payments are a specific pre-decided and pre-approved schedule designed by the payee to pay for services that recur periodically. Namely, DTH bills, the amount of which is pre-determined and which the payee is expected to pay every month. Online pay apps like Paytm have now made it possible to let the payee pay to such bills automatically every month without manually directing Paytm.
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