Digital Payments Efficiency Overhaul

Business

New Year, New UPI: Key Changes Enhance Online Banking Experience

New Delhi: The New Year brings significant enhancements to the Unified Payments Interface (UPI), aiming to elevate the digital banking and payment transaction landscape. Inactive UPI IDs: The National Payments Corporation of India (NPCI) has mandated the deactivation of inactive UPI IDs, dormant for over a year, by payment apps. ‘UPI for Secondary Market’ Launch: NPCI introduces the ‘UPI for…