UPI: In today time every person transacts through UPI and in such a situation digital payments are increasing in India. If you also make payments through UPI then this news is very important for you. Let us tell you that from the month of December people running Google Pay Paytm and PhonePe can face problems. They will not be able to do any transaction with all these payment apps. So you need to know which people fall into this category?
Recently the National Payments Corporation of India has informed that those who have not used these payment apps for any kind of transaction for the last 1 year their UPI ID and number will be canceled. According to the new rules all payment providers and third-party app providers will have to implement this function by December 31 2023.
This means that if you are also using any payment app then you must make at least one transaction before 31 December 2023. But for those who use it regularly there no need to worry. Their payment apps will continue to work as before.
Why the action
NPCI receives reports of fraudulent transactions on a daily basis. In such a situation there are many people who change their mobile number but forget to change or deactivate their UPI ID. In such a situation your old mobile number is given to someone else. With this number your UPI account also remains active. In such a situation if someone is sending you money then they reach the other person. That is why NPCI has taken this important step.
