Limit usage of non-financial requests to UPI: NPCI to banks

The National Payments Corporation of India (NPCI) has asked banks to restrict the number of non-financial transaction requests they send to the central network of the Unified Payments Interface (UPI).The NPCI has told banks to audit their systems through an auditor certified by the Indian Computer Emergency Response Team (Cert-In) to review usage of these transaction requests. It has also directed them to conduct an annual audit of their systems from now on.

In a circular issued on April 26, the Mumbai-based payment network said banks can initiate up…