UPI rules undergo significant changes

The Unified Payments Interface (#UPI) rules have gone through some key changes in the #NewYear to improve online banking and payment transaction experiences.

The National Payments Corporation of India (NPCI) have instructed payment apps to deactivate inactive #UPI IDs that have not been active for more than one year.

The NPCI has also announced the launch of ‘#UPI for Secondary Market’ in its Beta phase.