Alert! These UPI ID19 of Google Pay, Paytm and PhonePe will be closed from January 1!

Alert! These UPI ID19 of Google Pay, Paytm and PhonePe will be closed from January 1!

If you also use UPI on Google Pay, Paytm or Phone Pay, then this news is useful for you. Actually, NPCI has ordered to close the UPI ID of many users from December 31. NPCI has issued a circular to Google Pay, Paytm and Phone Pay saying that if the UPI ID is not activated for one year, it will be closed after December 31, 2023. 

What is NPCI?

NPCI is a non-profit organization, which is India's retail payment and settlement system. That means apps like PhonePe, Google Pay and Paytm work on its guidance. According to NPCI's circular, the reason for closing UPI ID which has not been used for 1 year is user security. Due to this decision, many cases like online fraud are coming to light these days. 

In such a situation, NPCI has given this order to stop scams happening through online UPI. Many times users create a new ID without delinking their old number, which can become a cause of fraud. In such a situation, instructions have been given by NPCI to close the old ID.