UPI Payments are about to change. To make digital payments safer and more trustworthy, the National Payments Corporation of India (NPCI) has issued a new rule for UPI transactions.
This rule will come into effect from June 30, 2025. Now, when you send money through UPI, the real name registered in the receiver’s bank will appear on your app screen—not just the name saved in your contacts.
What’s Changing in UPI?
Until now, when using UPI apps like Google Pay, PhonePe, Paytm, or BHIM, you saw the name you had saved in your contacts.
But this made it easy for fraudsters to trick people by creating fake names or QR codes.
Under the new rule, the UPI app will now show the official name of the person or merchant as per bank records, before you make the payment.
Where Will This Rule Apply?
This change will apply to two types of transactions:
P2P (Person to Person): When you send money to another individual.
P2M (Person to Merchant): When you make payments at shops, cafes, or to any business.
No matter how you send the money—QR code scan, mobile number, or UPI ID—you will now see the bank-registered name of the receiver.
What Are the Benefits?
Less Fraud: You can now confirm if the person or business you’re paying is genuine.
More Safety: It builds more trust among users and reduces the risk of falling for scams.
Fewer Mistakes: It helps avoid sending money to the wrong person, especially when names are similar.
What Should Users Do?
Check the verified name carefully before every payment.
If the name looks wrong or unfamiliar, do not proceed with the transaction.
Avoid scanning unknown QR codes.
If anything seems suspicious, contact your bank or payment app’s support right away.
This new system is designed to make UPI payments more secure for all users. Stay alert and always double-check before sending money!
