NPCI Directs Banks To Limit ‘Check Transaction’ API Usage

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SUMMARY

NPCI has observed initiation of a high number of “Check Transaction Status” APIs by PSP banks at a very high Transactions Per Second (TPS)

This resulted in recent UPI outages across the country

NPCI has directed PSP banks to ensure appropriate usage of UPI APIs and rolled out guidelines

In view of the mega unified payments interface (UPI) outage earlier this month, the National Payments Corporation of India (NPCI) has issued a circular to PSP (Payment Service…



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NPCI Directs Banks To Limit ‘Check Transaction’ API Usage


SUMMARY

NPCI has observed initiation of a high number of “Check Transaction Status” APIs by PSP banks at a very high Transactions Per Second (TPS)

This resulted in recent UPI outages across the country

NPCI has directed PSP banks to ensure appropriate usage of UPI APIs and rolled out guidelines

In view of the mega unified payments interface (UPI) outage earlier this month, the National Payments Corporation of India (NPCI) has issued a circular to PSP (Payment Service…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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