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NPCI Brings In Additional Measures To Curb UPI Outage
- NPCI has introduced new measures for PSPs and acquiring banks to enhance UPI transaction efficiency, addressing recent issues.
- The guidelines focus on limiting API use, suggesting delays in certain operations to prevent transaction delays and failures.
- The retail payments body highlighted overutilization of check transaction status APIs as a key issue.
- Restrictions were placed on various APIs, like limiting balance enquiry requests and controlling the frequency of certain operations.
- These guidelines aim to bolster the UPI infrastructure by optimizing the use of key APIs and enhancing transaction reliability.
- The directive also specified peak UPI transaction hours, urging compliance by PSPs by July 31 to avoid penalties.
- Non-compliance may result in actions like UPI API restrictions, penalties, or suspension of new customer onboarding.
- The measures seek to smoothen UPI operations and reduce incidences of outages that disrupt digital payment services.
- By regulating API usage and transaction timings, NPCI aims to improve the overall efficiency and stability of the UPI ecosystem.
- Implementing these additional guidelines is crucial for PSPs to align with NPCI standards and ensure seamless UPI transactions.
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