NPCI asks banks, payments firms to discontinue 'UPI Collect' for P2M transactions
Last year, NPCI had asked banks and payment apps to block P2P collect requests from October 1, 2025.
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Last year, NPCI had asked banks and payment apps to block P2P collect requests from October 1, 2025.
This will enable the company to roll out its new Saathi platform aimed at bringing digital payment services to underserved communities across the country.
This is a market-share view of UPI payment flows handled by payments aggregators through 'UPI Collect' method.
Yusuf Pachmariwala will be succeeding Anup Neogi as Hitachi Cash Management Services' managing director and chief executive officer.
The company aims to develop and introduce offerings in the domains of Web 3.0, Central Bank Digital Currency (CBDC) and blockchain technology.