NPCI notified regarding the Urgent Reiteration of compliance with OC 163, OC 163A, and OC 100

Mar 12, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe National Payments Corporation of India (NPCI) on March 11, 2024, issued a notification regarding the Urgent Reiteration of compliance with OC 163, OC 163A, and OC 100

The following has been stated namely:-

• It states that UPI Apps and their PSP Banks are advised to comply with the following before April 30, 2024, namely: -

o UPI ID display at app home page and payment home page.

o  The  ‘Powered by UPI’ logo to be used on all App pages where the UPI Platform is accessed.

o To include text of: ‘Send Money to any UPI App’ or ‘Scan any UPI QR’ and display of UPI logo on send money and scan QR screen within the UPI Apps

• It states that the  UPI Acquirers are advised to comply with the following namely: -

o ‘Pay by any UPI App’ should be displayed prominently and show all active UPI Apps on the device

o All app-based and mobile-web-based merchants to move to intent and other web-based merchants to dynamic QR instead of Collect

• It further states that All UPI Acquirers are advised to comply with immediate effect for new and incremental merchant QR codes and by  December 30, 2024 for replacing existing ones that do not subscribe to guidelines Failing which NPCI may decide on appropriate action including levy of penalty / stop onboarding of offline merchants / debar the UPI Acquirer or merchants, etc. till compliance.

 

[Circular No. NPCI/UPI/OC no. 190/2023-24]


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