GPay, Paytm, PhonePe and BharatPe users ALERT! These accounts to stop working due to….

In a major update for UPI users, all UPI IDs which have been inactive for the past one year will become invalid after December 31, 2024. The changes, which will affect all UPI apps, including Gpay, Paytm, PhonePe and BharatPe, Amazon Pay, among others, will come into effect from January 1, 2025, according to a notification issued by National Payments Corporation of India (NPCI).

The decision to close inactive UPI IDs by NPCI is due to the fact that many users do not update the phone linked with their bank account and UPI ID after changing providers. and as per TRAI regulations, operators are free to issue any inactive number to another subscriber after a period of 90 days.

As such, it is possible that the new subscriber can use the number to activate and access the previous user’s bank accounts via UPI, because the number is still linked to that account. To prevent this, the NPCI has mandated UPI apps to close all UPI IDs which have been inactive for the past one year.

As per the NPCI circular, TPAPs and PSPs have been directed to identify UPI IDs, the corresponding UPI number, and the linked phone number of customers who have not made any financial or non-financial transactions through the UPI app for a span of 12 months .

The NCPI has ordered UPI providers to block inward credit transactions on these UPI IDs and UPI numbers and deregister them from UPI Mapper. To resume inward credit transactions, customers will have to re-register with their UPI app and link their UPI ID with their registered mobile number.

A TPAP (Third Party Application Provider) is a service provider that works with banks and payment service providers (PSPs) to facilitate UPI-based transactions. TPAPs provide UPI-compliant applications, such as mobile wallets, merchant apps, and other platforms that use UPI for payments.