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NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

18Nov

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Technology

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

[ad_1] In a proactive move to enhance the security and reliability of the Unified Payments Interface (UPI) ecosystem, the National Payments Corporation of India (NPCI) has issued a directive aimed at major third-party UPI apps such as Google Pay, Paytm, PhonePe, and others. The mandate, conveyed through a recent circular, requires these platforms and associated banks to deactivate UPI IDs and numbers that have remained inactive for over a year.NPCI, a non-profit organization overseeing retail payments and settlement systems in India, emphasizes that this measure is essential to prevent unintentional fund transfers to unintended recipients. The risk arises when customers change their mobile numbers without unlinking the old ones from the banking system, as there is a chance that the old ...

Don’t want to show your phone number when you transact on Paytm? Know this UPI trick

[ad_1] Gone are the days when it was considered safe to share seemingly innocent information about you without giving it a second thought. Today, with cybercrime on the rise, it is important to keep your data private and only with those you trust. While people are mostly careful around their financial data, passwords, and other sensitive information, one piece of data that is freely available every time you make a UPI (Unified Payments Interface) payment is your phone number. For most people, our UPI ID is our phone number, so anyone, including random shopkeepers, to whom you have made a payment, would probably have access to your phone number. If that bothers you, then do not worry, as you can change your UPI address on Paytm and make it so it is hidden from others. Check this trick. H...

Google Pay rolls out Aadhaar-based authentication for UPI activation

[ad_1] Starting today, Google Pay users can register for UPI using Aadhaar via National Payments Corporation of India (NPCI). With the Aadhaar-based UPI onboarding flow, Google Pay users will be able to set their UPI PIN without a debit card. This move is expected to help users set up UPI IDs and enable them to make digital payments. The goal is also to boost financial inclusion. This feature is now available to bank account holders of supported banks.Users who want to onboard UPI via Aadhaar, will need to ensure that (a) their phone number is registered with UIDAI and bank are the same, and (b) their bank account is Aadhaar linked. The 3-step processOn Google Pay, users have the option to select between Debit card or Aadhaar based UPI onboarding. If they select Aadhaar, then users will...