The facility of ‘collection’ i.e. payment request between persons (P2P) through UPI from banks and payment apps will be closed from October 1, 2025. Earlier, NPCI had said in a circular issued on July 29 that the process of P2P ‘collection’ will not be allowed in UPI from October 1, 2025.

P2P Collection in UPI means that the facility of ‘collection’ requests from banks and payment apps will be completely removed from the said date. The P2P feature is used to send requests for money to other UPI app users. It reminds them to share the amount. However, this feature is being used by fraudsters to cheat UPI users.

What is the purpose of NPCI?

NPCI said that all member banks, payment service providers (PSPs) and UPI apps are directed to make necessary changes in their systems and operational procedures to ensure that no P2P ‘collection’ transactions are initiated or processed on UPI after October 1, 2025. This decision means that all member banks and UPI apps (PhonePe, Google Pay and Paytm etc.) will not be able to process P2P collection transactions after this deadline.

What is the current arrangement

Under P2P collection, currently a maximum of Rs 2,000 can be collected from an individual per transaction. Also, the limit of successful transactions is 50 per day. This means that currently a transaction of Rs 1 lakh is allowed in a day under this facility. Rahul Jain, Chief Financial Officer, NTT Data Payment Services India, said that by removing this facility, UPI (Unified Payment Interface) has strengthened its position as a fast and easy, secure and reliable platform.

What will be the new change?

NPCI had set a transaction limit of Rs 2,000 in the year 2019, but fraud continued. This step will act as a security measure for the users and now such fraud will be prevented. Under this change, a measure will be taken to reduce fraud by removing the high-risk channel. Now all P2P transactions will be initiated by the users for which the users will have to scan the ‘QR code’. He said that in this situation the users will have full control over their transactions.

The post UPI Payments Halted for This Service from October 1 — What You Need to Know first appeared on Rightsofemployees.com.

Banks will remove many mobile numbers

The National Payments Corporation of India has directed banks to delete mobile numbers that have been issued to someone else or have been closed from April 1, 2025. So that UPI transactions can be made more secure and wrong transactions can be prevented.

System updates will be mandatory from now on

To prevent fraudulent UPI transactions, NPCI has asked banks and UPI payment service providers to update their systems at regular intervals. This decision was taken in the NPCI meeting held on 16 July 2024, which will now be effective from 1 April 2025.

An updated list of mobile numbers will be generated every week by banks and UPI payment service providers to prevent failed or incorrect transactions.

Users will have to pay attention.

Mobile numbers will be updated only after the consent of the users. This option to give consent will be available only through the UPI app. If consent is not given by the user and the mobile number is not updated, then no UPI transactions will be possible through that mobile number.

Banks and UPI apps will have to follow these rules

From April 1, 2025, banks and UPI apps will have to submit reports to NPCI every month. In which information will have to be given about the number of UPI IDs linked to mobile numbers, number of active users, number of UPI based transactions.

UPI transactions will be more secure

These changes are being made to make the UPI facility more secure for customers. If you want to continue using UPI apps linked to your mobile number with ease, keep them updated.

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