<ul><li>The National Payments Corporation of India (NPCI) is taking steps to prevent misuse of virtual IDs generated for UPI transactions in fintech platforms.</li><li>Certain fintech companies are offering their services through unauthorized third-party authentication of users using UPI IDs.</li><li>NPCI has mandated the shutdown of such services beyond payments and settlements, as these methods are unauthorized.</li><li>NPCI has also been helping other countries such as Peru, Namibia, and Trinidad and Tobago adopt UPI-like payment systems.</li></ul>

NPCI Puts Brakes On Misuse Of Virtual IDs

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