Starting February 1, 2024, UPI payment apps will be prohibited from using special characters to create transaction IDs. Transactions made through UPI apps that incorporate special characters in the transaction ID will be rejected by the central system. The National Payments Corporation of India (NPCI) has issued a statement regarding the impact of Unified Payments … Read more
The National Payments Corporation of India (NPCI) has yet again added a new feature to the Unified Payments Interface (UPI) platform. The new feature, UPI Circle-Delegate Payments, will help primary holders of UPI accounts to delegate transaction rights to secondary users. The main goal is to create a common platform that simplifies and enhances transactions … Read more
The National Payments Corporation of India (NPCI) has asked its members to comply with the Reserve Bank of India’s (RBI’s) decision to increase the UPI transaction limit to Rs 5 lakh for hospitals and educational services by January 10. The NPCI has instructed banks, payment service providers (PSPs), and UPI applications to increase transaction limits … Read more