Pursuant to the update reported earlier (refer to the trail mail), National Payments Corporation of India (“NPCI”) has reiterated strict adherence to fulfilment of UPI interoperability and standardized usage of BHIM UPI brand display on UPI apps, online merchants and offline merchants. However, the timeline for the said compliances have been revised in the manner provided below.
The UPI members must comply to the implementation of the following compliances before the timelines as provided below.
Compliance Action | Previous Timeline | Revised Timeline |
|
31st December, 2023 |
30th April, 2024 |
|
31st December, 2023 |
30TH April, 2024 |
|
Not Specified |
30th December, 2024 |