UPI Alert: If you use UPI, then this can be special news for you. Let us tell you that an important change is going to happen regarding UPI. After which, the NPCI of crores of people of the country has announced, let us tell you that from October 1, 2025, P2P, i.e., Peer-to-Peer Collect Request facility will be completely discontinued. The purpose of this step is to make digital payments more secure and to control the incidents of online fraud.
What is the Collect Request Feature?
According to the information, this feature allows any person to send a demand (request) for money from another UPI user. As soon as the person in front accepts that request and enters their UPI PIN, the money is transferred. But over time, the misuse of this facility has also increased. Scammers have started cheating people by sending fake requests, due to which many cases of financial loss have come to the fore.
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NPCI has clarified that this ban will apply only to P2P collect requests between common people. Merchants will be able to use this facility as before. However, KYC rules will be made more stringent for them so that cases of fraud can be prevented.
Existing rules and limits
However, any UPI user can send a collect request of up to Rs 2,000 at a time. But after October 1, 2025, banks and UPI apps will not be able to process such transactions. At the same time, experts say that this decision will not cause much trouble to common users, because the share of collect requests in total UPI transactions is only 3%. This step is a strong initiative towards making digital transactions more secure.
Shocking figures of UPI fraud
Let us tell you that in the last three financial years, there has been a big increase in UPI fraud cases. At the same time, 7.25 lakh fraud cases were reported in the year 2022-23, in which a loss of Rs 573 crore was incurred. After this, 13.42 lakh fraud cases were registered in the year 2023-24, in which a loss of Rs 1087 crore was incurred. After this, 6.32 lakh fraud cases were registered in 2024-25, in which a loss of Rs 485 crore was incurred.
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Increase in UPI transactions
Let us tell you that Minister of State for Finance Pankaj Chaudhary said, while there were only 92 crore UPI transactions in 2017-18, this number has increased to 18,587 crore in 2024-25. This shows a CAGR (Compound Annual Growth Rate) of 114%, which shows the rapidly growing trend of digital payments in India.