Current Affairs · Banking and Finance
In August 2025, to combat increasing frauds, NPCI issued new directives regarding the UPI collect feature. Consider the following statements: 1. NPCI has mandated banks and payment apps to stop all UPI peer-to-peer 'collect requests' starting October 1, 2025. 2. UPI collect allows sending money requests; currently capped at Rs. 2,000 per transaction and 50 successful transactions daily. 3. NPCI was established in 2008 and Dilip Asbe is its current MD & CEO. Which of the statements given above is/are correct?
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