UPI Payment: To make digital payments safe and reliable, the National Payments Corporation of India (NPCI) has issued a new rule for UPI i.e. Unified Payments Interface transactions. This rule will come into effect from June 30, 2025
UPI Payment: The rules for making payments through UPI are going to change. To make digital payments safe and reliable, the National Payments Corporation of India (NPCI) has issued a new rule for UPI i.e. Unified Payments Interface transactions. This rule will come into effect from June 30, 2025. Under this, now while sending money to someone, only the real name registered in the bank of the receiver i.e. the person taking the money will be visible on the mobile app, not the name you have saved.
What will change in the rule?
Till now, when we send money to someone through UPI—be it Google Pay, PhonePe, Paytm or BHIM app—we see the same name of that person which we have saved in our contact. This increased the possibility of fraud, because fraudsters could mislead people by creating QR codes or UPI IDs with fake or misleading names.
According to the new rule, now before every transaction, the real name of the person who is registered in the bank records will be automatically visible on the app.
Where will this rule apply?
- This rule will apply to two types of UPI transactions.
- P2P (Person to Person): When a person sends money to another person.
- P2M (Person to Merchant): When you make payment to a shop, cafe or merchant.
- Whether you scan the QR code, enter the mobile number or use the UPI ID—the real name will now be visible in every situation.
What will be the benefit of this?
Rein on fraud: Now you will be able to know whether the person in front is the right person or not before sending money.
More safe: This system will increase trust in the users and the mistake of sending money to the wrong person will be reduced.
Reduction in false transactions: This will prevent errors due to similar names.
What should users do?
Read the name being verified carefully before every transaction. If the name looks unfamiliar or suspicious, do not make the payment. Avoid scanning any unknown QR code and in case of any error, immediately inform your bank or payment app’s helpline.
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