NPCI Plans Limits On UPI Collect and Autopay To Curb Misuse

Key Highlights

• Newsroom ReviewedNPCI is weighing changes to the Collect and Autopay features on UPI after concerns about misuse in fraudulent transactions, according to people familiar with the matter.
• The move targets merchant-initiated requests and subscription payments that have drawn scrutiny over customer losses. NPCI has told payment aggregators to prepare for a selective phase-out of the Collect feature for the “person-to-person merchant” category, the people told NDTV Profit.
• The step is intended to curb the use of Collect for recurring collections by merchants.
• Sources said that the NPCI also plans to reinforce stricter display rules for Autopay so customers can clearly see and approve subscription-based payments. ALSO READIs UPI More GENIUS Than Stablecoin?
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