Recipient-initiated transactions to stop from Oct 1

UPI payments work two ways. The ‘push’ system allows users to scan a QR code or input the recipient’s ID and make the payment. Via the ‘pull’ transactions, or ‘collect’ requests, the recipient generates the QR code with the payment amount fed in, and the user inputs their PIN to approve the payment.

In 2019, the NPCI had capped the recipient-initiated ‘pull’ transactions at ₹2,000. At most, 50 such transactions are allowed in a day. These will be stopped altogether from October 1^st.

India recorded 7 billion Person-to-Person (P2P) transactions in July, with 19.4 billion transactions recorded by NPCI overall. A year ago, the figure stood at 14 billion transactions overall, of which 5 billion were P2P.

Several fraudsters pose as merchants to extract money from customers. RBI data reports 29,000 frauds occurred in FY2025 worth ₹1,457 crore. In FY2024, only 12,516 fraud cases worth ₹520 crore were reported.

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