Saturday, 26 October, 2024

NPCI Imposes Restrictions On Unauthorized UPI ID Use By Fintech Companies

The National Payments Corporation of India (NPCI) has implemented stricter measures to curb the unauthorized use of UPI IDs by fintech companies. The move aims to safeguard customer data and maintain UPI's integrity. Fintech firms are now required to obtain necessary approvals before utilizing UPI IDs, ensuring compliance with regulatory frameworks and enhancing the overall security of digital payment transactions across India.