The service allows inbound foreign travellers to perform real-time Person-to-Merchant (P2M) transactions across India without requiring a local bank account or an Indian mobile number ... .
Visitors can experience India's culture and cuisine while using 'Made in India' UPI technology even without an Indian mobile number or bank account ... .
NPCIInternational Payments Limited has signed an agreement with Payments NetworkMalaysia to link India’s Unified Payments Interface with Malaysia’s DuitNow, enabling QR-based merchant payments for travellers in both countries.
The pull feature allowed users to request funds from each other. Specific merchant UPI IDs could also initiate payments through this. However, the feature became a problem after fraudsters started using it to dupe unsuspecting consumers ... .
NPCI has told payment aggregators to prepare for a selective phase-out of the Collect feature for the "person-to-person merchant" category, according to sources ... .
The National Payments Corporation of India (NPCI) is considering changes to key UPI features such as Collect and Autopay after concerns over their misuse in fraudulent transactions ... NPCI has asked ...