NPCI Disables QR Share and Pay for International UPI P2M
Why in the news
The National Payments Corporation of India (NPCI) switched off international UPI payments made via the QR Share and Pay feature for person-to-merchant (P2M) transactions, in a bid to keep cross-border UPI payments compliant and secure.
Key facts
| Point | Detail |
|---|---|
| Issuer | NPCI |
| Circular dated | 8 April 2025 |
| Effective from | 4 April 2025 |
| Scope | International UPI P2M payments through QR Share and Pay |
- The payer’s Payment Service Provider (PSP) must ensure the payer’s UPI app can spot and decline such payments.
- PSPs should update their systems to block unauthorised international P2M payments through QR codes.
Impact
- Users: can no longer complete international P2M payments with this feature.
- Merchants: those who relied on it for overseas customers need other payment methods.
About P2M
P2M means Person to Merchant: digital payments from individuals to businesses for goods, services, utilities or bills. UPI is a widely used platform for this, letting people pay merchants directly from bank accounts, and P2M is central to the cashless economy drive.
Exam angle
- Body: NPCI, which runs UPI.
- Full form: P2M is Person to Merchant; PSP is Payment Service Provider.
- Feature disabled: QR Share and Pay for international payments.