This update comes at a time when UPI has become the backbone of digital payments in India. According to the RBI's payment system report, UPI’s share in digital payments has surged from 34% in 2019 to ...

The National Payments Corporation of India (NPCI) has issued a directive that will affect Unified Payment Interface (UPI) transactions from February 1, 2025. As part of this new rule, any UPI ...

NPCI says, all UPI IDs should only contain alphanumeric characters starting February 1, 2025. Any UPI ID that may contain special characters such as @, !, or # will result in transaction failure.

Chinese-owned social media app TikTok reappeared on Apple and Google's app stores for U.S. customers four weeks after being ...

When you spend more than you can afford to repay in time, you stand to incur additional debt. Therefore, you need to track it ...

UPI transactions with special characters in transaction IDs will be declined to ensure compliance with technical specificat ...

The National Payments Corporation of India (NPCI) has rolled out a new policy enforcing stricter standards for UPI transaction IDs.

This move is part of efforts to ensure the integrity and security of the UPI ecosystem, which has seen tremendous growth in recent years.

From February 1, 2025, special characters will no longer be allowed in UPI transaction IDs, as per NPCI’s new security rule. Here’s what you need to do to avoid failed transactions.