Archive · 19 May 2025
NPCI Mandates Official Names on UPI Apps to Enhance Security
Imagine you're sending money using apps like Google Pay or PhonePe.
Now, before you send the money, you'll see the real name of the person you're paying, taken straight from their bank.
This is to make sure you're sending money to the right person and avoid mistakes.
The app won't show names you saved in your phone or names from QR codes.
The goal is to make payments safer.
This change will start on June 30, 2025, and will affect all UPI payments, whether you're paying a friend or a shop.
It helps users like you by making sure your money goes where it should.
NPCI is introducing new rules to verify UPI beneficiary names.
UPI apps will show the official name from bank records.
Users won't be able to change the displayed name in the app.
The changes will be implemented by June 30, 2025.
The initiative aims to reduce payment errors and improve security.
- Who
- National Payments Corporation of India (NPCI)
- What
- Implementing new rules for UPI apps to display official beneficiary names to prevent misdirected payments.
- When
- Implementation scheduled for June 30, 2025.
- Where
- India
- Why
- To improve the accuracy of account holder information and increase security.
- Implementing Agency
- National Payments Corporation of India (NPCI)
- Affected Apps
- Google Pay, PhonePe, Paytm, BHIM
- Implementation Date
- June 30, 2025
- Purpose
- To reduce misdirected payments and enhance user security
- Scope
- P2P and P2PM transactions
- Mechanism
- Displaying official beneficiary names from bank records