Less UPI frauds now thanks to this new feature: You will know exactly whom you are making UPI payment to

Soon, UPI payments will only display the beneficiary's verified bank name before transactions, as mandated by NPCI. This aims to curb fraud by eliminating misleading display names, which are currently being exploited by scammers. The move ensures users see the accurate bank-registered name, enhancing transparency and trust. Read on to know how this move could potentially bring down UPI-related frauds.