Skip to content
Free updates Login
SSCBankingNABARD / RBI

UPI P2P collect requests to end on 1 October 2025

18 August 20251 min read
BANKING & FINANCEUPI P2P collectrequests to end on1 October 202518 August 2025safalsetu.com

Why in the news

NPCI will switch off the person-to-person collect option after scammers exploited it.

Key facts

  • Users could send requests to split bills or seek repayment; the recipient could accept or decline.
  • Fraudsters tricked people into approving bogus requests.
  • In a normal transfer the payer starts; in a collect, the receiver initiates.

Background

P2P payments are digital transfers between individuals using apps, UPI IDs, QR codes, phone numbers or bank accounts.

Exam angle

  • Cut-off date: 1 October 2025.

Test yourself

1. From which date will NPCI stop the P2P collect request feature on UPI?

The feature ends on 1 October 2025.

2. In a UPI P2P collect request, who starts the transaction?

The receiver sends the request and the payer approves it.

3. Why did NPCI decide to discontinue the UPI P2P collect feature?

Fraudsters misused it to get bogus requests approved.

This topic is part of Daily Current Affairs 15 & 16 August 2025 (14 topics).

All topics of the dayDay quizAugust 2025

Read more