India, July 31 -- National Payments Corporation of India is set to implement a series of changes in rules related to how UPI apps like Google Pay, PayTM Phone Pay work from August 1.
For customers who use UPI apps multiple times a day, these rules can be significant. It pertains to features like balance checks, autopay requests, payment failures and linked account verifications.
The news rules introduced by NPCI put a limit on the number of times users can check their balance to only 50 times a day for each app. The restriction has been issued to reduce the load during peak hours. Along with this, banks are also required to add a balance to every financial transaction by the user.
Recurring payments and auto transactions on UPI like EM...
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