The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/national-payments-corporation-of-india” target=”_blank”>National Payments Corporation of India (NPCI) has asked banks to restrict the number of non-financial transaction requests they send to the central network of the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/unified-payments-interface” target=”_blank”>Unified Payments Interface (UPI).The NPCI has told banks to audit their systems through an auditor certified by the Indian Computer Emergency Response Team ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/cert-in” target=”_blank”>Cert-In) to review usage of these transaction requests. It has also directed them to conduct an annual audit of their systems from now on.
In a circular issued on April 26, the Mumbai-based payment network said banks can initiate up…
