The National Payments Corporation of India (NPCI) is preparing to pull the plug on a key feature of the Unified Payments Interface (UPI) that has long made peer-to-peer (P2P) transactions both convenient and, increasingly, risky. Starting October 1, 2025, the NPCI will phase out the “collect request” feature for P2P transactions; a move aimed squarely at curbing the rising tide of financial fraud in the digital payments ecosystem. While UPI has revolutionised the way Indians transfer money, enabling instant, secure, and cashless transactions, the decision to eliminate this particular functionality marks a significant shift in how the country’s most widely used payment system operates.

The “collect request”, or “pull transaction”, allows a user to request money from another person. Unlike

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