NPCI seeks audit to curtail UPI transaction status checks by banks after repeated outages

The National Payments Corporation of India has sought a third party audit to limit UPI transaction status checks following a series of outages. Banks have also been asked to immediately ensure that measures to limit the ‘‘check transaction’ API usage has been implemented. Meanwhile Finance Minister Nirmala Sitharaman also issued a call for collective action on Monday — in order to achieve one billion daily transactions within three years.