Starting August 1, 2025, several changes in Unified Payment Interface (UPI) will come into effect, impacting users, banks and merchants alike. (File Photo)
The regulating authority of UPI, the National Payments Corporation of India (NPCI), has announced a set of regulatory changes in the predominant digital payment platform. These changes are aimed at making UPI more dependable, seamless, and less prone to disruptions, particularly during peak hours. (File Photo)
India’s real-time payment technology UPI has emerged as the global leader surpassing Visa, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. (FIle Photo)
The IMF report states that UPI has powered 85 per cent of India’s digital payments and nearly 60 per cent globally. (File Photo)
The new API usage rules for all banks and payment apps—including updates to AutoPay and balance check features—will come into effect from next month. (File Photo)
UPI users will only be able to check their account balance 50 times in a day from the limitless times as of now. (File Photo)
NPCI has set fixed time slots for UPI autopay transactions. Instead of being processed randomly during the day, payments like subscriptions, EMIs, and utility bills will now be handled at specific times. While the change happens in the background, it’s expected to improve platform speed and ease congestion. (File Photo)
This change will not impact customers directly as their auto-payments will continue to operate as usual. However, businesses need to readjust their schedules of payment collection in alignment with the time slots. (File Photo)
