The first half of 2025 has come to a close, and we’re now stepping into the second half of the year. Starting today, there are some important updates regarding UPI and credit card transactions. If you’re a UPI user, pay attention to this change: all UPI apps will now display only the ultimate beneficiary’s name on the pre-transaction page. The National Payments Corporation of India (NPCI) has issued a mandate requiring that the ultimate beneficiary of a UPI transaction be displayed prominently starting today, July 1. This information will be visible both on the payer’s app and in transaction statements or histories. For those who may not be familiar, the ‘ultimate beneficiary’ refers to the banking name retrieved from the Validate Address API. This means the beneficiary information that is now accessible to UPI users will be directly retrieved from banking data sources.
