Limit usage of non-financial requests to UPI: NPCI to banks

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The 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 Unified Payments Interface (UPI).The NPCI has told banks to audit their systems through an auditor certified by the Indian Computer Emergency Response Team (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…



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Limit usage of non-financial requests to UPI: NPCI to banks


The 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 Unified Payments Interface (UPI).The NPCI has told banks to audit their systems through an auditor certified by the Indian Computer Emergency Response Team (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…



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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