NPCI, which runs UPI, has asked banks and payment apps to stop all peer-to-peer "pull transactions" from October 1 as part of its efforts to curb financial fraud. The feature allows a merchant/UPI user to send requests to another UPI user, asking them to pay money. At present, the maximum amount a UPI user can "collect" per transaction is ₹2,000.
short by
Ashley Paul /
12:48 pm on
13 Aug