Back

Pratham

Currently learning c...ย โ€ขย 2m

No More Nicknames in UPI ๐Ÿ’ฐ What Happened As per the announcement by National Payments Corporation of India (NPCI), by June 30, 2025, every UPI app in India must show only the official bank-verified name of the person or business you're paying โ€” not their nickname, shop name, or some emoji-laced alias. This new rule applies to person-to-person (P2P) and person-to-merchant (P2M) payments. Basically, if you're sending money on UPI, the name you see has to be fetched directly from the bankโ€™s Core Banking System (CBS) through NPCIโ€™s โ€œValidate Address API.โ€ Why? Because right now, many apps let users change how their name appears โ€” which fraudsters love. Imagine sending โ‚น2,000 to โ€œZara Officialโ€ and later finding out it was some dude named Zubair in Delhi with a Zara-looking QR code. From now on, UPI apps must shut off all features that allow you to edit the recipient's name. No more fancy labels. Just verified names, straight from the bank.

Reply
7

More like this

Recommendations from Medial

Mahendra Lochhab

Content creatorย โ€ขย 1y

The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.

Reply
1
6

gray man

I'm just a normal gu...ย โ€ขย 2m

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

See More
Reply
15
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 10m

UPI payments in Nepal surpass 1,00,000 person-to-merchant (P2M) transactions in less than six months

1 Reply
3

Somen Das

Senior developer | b...ย โ€ขย 1y

after the ban on Paytm payments bank Paytm now shifted to Axis Bank and Yes Bank. by my UPI ID @ptaxis it is clear that this this from axis bank and when I paid i see powered by Yes Bank BTW I love paytm

Reply
7
Image Description

DIGITAL SURGE

Join us for a bright...ย โ€ขย 4m

Team Medial should introduce other payments options like PayPal, Payoneer or Bank cards for foreign users like us. now I wanna subscribe Medial but UPI is not available here in the UK.

1 Reply
2
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos...ย โ€ขย 4m

Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees. Fintech firms face high UPI processing costs, totaling

See More
9 Replies
1
16
Image Description

Jayant Mundhra

ย โ€ขย 

Dexter Capital Advisorsย โ€ขย 1y

Paytm shareholders are ignoring this? ๐Ÿ“›๐Ÿ“› The fintech giant was the only UPI app to be making money on UPI. And now thatโ€™s no more possible. Here's all you should know! .. The thing is, NPCI (via Govt grants) compensates the banks to up keep the

See More
1 Reply
1
24

HK NETWORK

Hey I am on Medialย โ€ขย 8m

HDFC Bank Announces UPI Service Downtime for System Maintenance in November HDFC Bank has notified its customers about scheduled downtime for its UPI service in November due to essential system maintenance. UPI transactions through HDFC Bank accou

See More
Reply

Mahendra Lochhab

Content creatorย โ€ขย 3m

UPI, established by the National Payments Corporation of India (NPCI) in 2016, is the dominant payment platform in India, processing over 75% of the country's retail digital payments.

Reply
3

Mahendra Lochhab

Content creatorย โ€ขย 11m

As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.

Reply
3

Download the medial app to read full posts, comements and news.