NPCI directs UPI members to follow new API guidelines to avoid disruptions

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The story "NPCI directs UPI members to follow new API guidelines to avoid disruptions" was covered 5 hours ago by Business Standard, a news publisher based in India.

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NPCI directs UPI members to follow new API guidelines to avoid disruptions - Business Standard

Quick Summary:

NPCI may also consider implementing rate limiters on select UPI APIs in consultation with the steering committee and subject to other approvals in due course.

The retail payments body in a circular said that payment service provider (PSP) banks and acquiring banks should ensure that API (application programming interface) requests sent to UPI are monitored and moderated for appropriate usage.

Business Standard earlier reported that the NPCI and banks were working on a durable solution to arrest instances of outages occurring due to a high number of API calls in the UPI network.RBI to infuse Rs 1.