29
Jul
The National Payments Corporation of India (NPCI), which manages the Unified Payments Interface (UPI) ecosystem, is working on privacy enhancements for digital payments. Under the proposed changes, UPI apps and banks may soon be required to mask users’ phone numbers during transactions. According to reports, NPCI has already directed UPI apps and partner banks to begin preparations for hiding users’ mobile numbers. The move is aimed at ensuring that digital payment platforms comply with the Digital Personal Data Protection (DPDP) Act, which focuses on the collection, storage and sharing of personal information. As per a Moneycontrol report, the government is…
