UPI fraud clampdown: NPCI to end P2P collect requests from October...

Dununu.com Dununu

Sponsor

UPI fraud clampdown: NPCI to end P2P collect requests from October 1; Banks, apps told to block pull transactions permanently

RSS Feed Business

Posted

98

To curb financial fraud, the National Payments Corporation of India (NPCI) has directed banks and payment apps to discontinue peer-to-peer (P2P) 'collect requests' on UPI by October 1, 2025. This move eliminates a high-risk channel, reducing fraud by ensuring all P2P transactions are payer-initiated, requiring users to scan a QR code.

Read Full Article

Please log in to like, share and comment!

‘We must achieve energy independence’: PM Modi unveils major push for nuclear, offshore oil

Prime Minister Modi unveiled an ambitious plan to achieve energy self-reliance for India,...

By 0 3

NEET MDS 2025 cut-offs revised after Health Ministry order; percentiles lowered by 19.863 across all categories

By 0 5

PM Narendra Modi lauds National Spots Bill, plans to create sports ecosystem from farthest school to Olympics

Prime Minister Narendra Modi highlighted the role of sport in India's development. He spoke from...

By 0 5

Watch: Manu Bhaker marks Independence Day with violin tribute to the national anthem

Olympic medalist Manu Bhaker celebrated India's 79th Independence Day by sharing a video of...

By 0 5

Kishtwar cloudburst: PM Modi assures all help to J&K CM Omar Abdullah; death toll rises to 60

By 0 11