Unified Payments Interface (UPI) - News & Updates

[federer.reddevil]

INDMoney has started UPI from Dec 31

 

[Bapun]

It has been decided not to allow, any special characters in UPI transaction ID. Any transaction with ID containing special characters shall be declined by the central system.

 

[Elvin Paul]

RBI has increased UPI lite wallet limit from ₹2000 to ₹5000 & per transaction limit from ₹500 to ₹1000 & also enhanced UPI123 per transaction limit from ₹5000 to ₹10000.

Has this been implemented by anyone? Haven't seen any updates from major payment apps regarding this till now.

 

[rajrocks]

Now paying via UPI will become more expensive

- Subsidies given to companies have been discontinued

https://twitter.com/x/status/1896876999215612330

 

[TheRealRohitM]

Now paying via UPI will become more expensive

- Subsidies given to companies have been discontinued

https://twitter.com/x/status/1896876999215612330

I don't think so. If top company's put some charges on upi transaction then it'll be golden opportunity for new apps. I don't see upi payments getting chargable atleast for some years.

 

[Esmail]

NPCI is phasing out the UPI collect request feature in order to curb online payment scams. Going forward only payments initiated by the payer (push transaction) will work not those initiated by the payee (pull transaction)

NPCI looking to stop cons ‘pulling’ a fast one via UPI

NPCI plans to phase out ‘collect calls for merchant payments to curb UPI fraud. Authorities prefer ‘push transactions like QR code payments. Fraud cases in digital banking are rising, prompting stricter verification measures.

m.economictimes.com

 

[Bapun]

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹1,500 crore incentive scheme to promote low-value BHIM-UPI transactions for small merchants in FY 2024-25.

The scheme will run from April 1, 2024, to March 31, 2025.

Under the scheme, only UPI Person-to-Merchant (P2M) transactions up to ₹2,000 will qualify for incentives. Small merchants will receive 0.15% of the transaction value as an incentive.

However, large merchants will not receive any incentive for UPI transactions.

Cabinet approves ₹1,500 crore incentive scheme for low-value BHIM-UPI transactions up to ₹2,000 - CNBC TV18

Under the scheme, only UPI Person-to-Merchant (P2M) transactions up to ₹2,000 will qualify for incentives. Small merchants will receive 0.15% of the transaction value as an incentive.

www.cnbctv18.com

 

[saketk11]

to March 31, 2025.

??

 

[Siddarth27]

UPI down

UPI down: Nationwide outage affecting payments, funds transfers - The Times of India

Tech News : The Unified Payments Interface (UPI) is encountering significant disruptions, impacting users' ability to make instant real-time payments. Reports of

timesofindia.indiatimes.com

 

[Siddarth27]

UPI down

UPI down: Nationwide outage affecting payments, funds transfers - The Times of India

Tech News : The Unified Payments Interface (UPI) is encountering significant disruptions, impacting users' ability to make instant real-time payments. Reports of

timesofindia.indiatimes.com

https://twitter.com/x/status/1904914309278556257