New Delhi, March 4 -- National Payments Corporation of India (NPCI) has rolled out a latest circular to deal with rollout of numeric UPI ID mapper to enableUPI number.

A UPI steering committee meeting was held on July 16, 2024 and multiple working group discussions for UPI numbers were held which were aimed at enhancinginteroperability and user convenience in UPI number-based UPI payments.

The new rules state that the banks and payment service providers are supposed to update their list by removing the numbers which have been disconnected or surrendered i.e., churned mobile numbers. The banks are supposed to update their database at regular intervals -- at least on a weekly basis, reads the circular.

TheNPCI circular states that the ac...