NPCI bans particular characters in UPI transaction IDs from February 1: Particulars

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The announcement was made to standardise the method of producing UPI transaction IDs. The NPCI additionally urged all fee service suppliers to make sure compliance.

In a January 9 round, the NPCI instructed all fee firms to make use of solely alphanumeric characters for transaction IDs.

“Reference could also be taken from our OC 193 dated March 28, 2024, whereby UPI ecosystem gamers have been suggested to used solely alphanumeric characters for producing UPI transaction ID. That is to make sure compliance with UPI technical specs,” the official NPCI launch learn.

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The event comes at a time when UPI transactions are persevering with to soar to document ranges.

The variety of such UPI transactions hit 16.73 billion in December 2024 that’s an 8% improve from 15.48 billion in November, India TV reported, citing NPCI knowledge.

The overall worth of those transactions additionally reached ₹23.25 lakh crore in December, in comparison with ₹21.55 lakh crore in November.

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As well as, the day by day common transaction depend grew to 539.68 million in December,a giant improve from 516.07 million in November, in accordance with the report.