<ul><li>The new UPI rule mandates apps to display only bank-registered names for digital payments.</li><li>This change aims to enhance security and prevent fraud cases in digital payments in India.</li><li>Users can now easily verify the official recipient's name before confirming a transaction, reducing the risk of fraud.</li><li>The update applies to both Person-to-Person and Person-to-Merchant transactions, promoting safer and more secure payment practices.</li></ul>

New UPI Rule: Apps To Show Only Bank-Registered Names For Digital Payments — Why It Matters

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