New Rule for UPI Payment: The National Payment Corporation (NPCI) is constantly modifying the UPI payment system. Once more, there has been a new modification to UPI Payment.
New Rule for UPI Payment: Due to the introduction of digital services in India, UPI payments are now widely used. With UPI payments, customers may simply swap money at large malls and little shops alike. The National Payment Corporation (NPCI) continuously modifies UPI Payment in such a scenario. Once more, there has been a new modification to UPI payment. With the new modification, anyone can make a payment even if they don’t have a bank account. However, only a select few will have access to this facility. Tell us about this change, please.
New Rule for UPI Payment, What is different now?
Though there are a number of reasons for the change in UPI, its ability to reach a large number of people is by far the primary one. This is the reason for the recent adjustment. Now, UPI will be available to folks without a bank account as well. Let us inform you that in order to use UPI, you must have an Aadhaar-linked mobile number and bank account. However, this new service is now being offered to people who do not have a bank account
New Rule for UPI Payment,Several apps are used to help with payment.
There will be a savings account option.
For your information, we would like to advise you that only customers who have a savings account will be eligible for this service. Customers who have credit card debt or loans outstanding will not be eligible to use this program. The primary account holder in this situation has all authority over it. Anyone can make a payment with him. Users can use their own mobile device to make UPI payments after obtaining authorization. In addition, NPCI thinks that a spike in UPI payments may occur following the implementation of this feature.
