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NPCI tightens security checks on banks for UPI

NPCI tightens security checks on banks for UPI

Friday, March 31, 2017, 9:38 AM

In the wake of the rising number of cyberattacks on the government sponsored Unified Payments Interface (UPI) platform, NPCI the nodal authority for payments, has tightened security checks and system audits on new candidates before granting membership. While UPI has picked up especially after the government sponsored BHIM application went live, there have also been attempts to siphon money from bank accounts through UPI.
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