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

Thursday, 14 August 2025 (3 weeks ago)
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.

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

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