UPI TRAN ID – Push for standardisation by NPCI

                  The UPI Technical specifications are very clear on the required length for UPI Transaction ID. The UPI TRAN ID is the key to track the transaction in its life cycle.

Ideally the UPI TRAN ID, should be 35 digits Alpha Numeric.

This simple guideline is not being adhered by UPI PSPs.

What is a PSP?

A high level meaning of UPI PSP is that a  PSP, or Payment Service Provider, is a financial institution or technology company that enables businesses and individuals to accept and process payments from customers.

 

PSPs play an important role in the whole UPI transaction flow.

Apart from other activities, UPI PSPs acts as an intermediary between the merchant (seller) and the acquiring bank or card networks.

PSPs provide a range of services and tools to facilitate seamless payment transactions, both online and offline.

It is very important for PSPs to adhere to the UPI technical guidelines to minimise damages to the sender and receiver of the UPI transaction.

Hence, it is very surprising to note that PSPs are unable to follow a simple guideline regarding the length of the UPI TRAN ID.

Simply put, UPI tech guidelines specify that the UPI TRAN ID should be 35 digits Alpha Numeric.

Yes, not 34 or 36 or some other number, it should be 35 digits only. Nothing More, Nothing Less.

NPCI has observed that the UPI TRAN ID ranged from 4 digits to 35 digits.

Such anomalies cause transactions to fail and upset both the sender and the receiver of the funds.

To bring in uniformity, NPCI has informed to the PSPs that the validation of the UPI TRAN ID will be brought in the central system.

The exact Go Live date will be communicated separately to the participants.

As the tech guidelines are already in place, it is preferred to all the participants to adhere to the 35 Digit rule, and do not wait till the last date.

Please note that the UPI TRAN ID is different from the UPI Reference Number.

Q: What is UPI Reference Number?

Ans: Each UPI transactions should have a UPI Reference Number.

The UPI Reference number is 12 digit long, unique and associated with each transaction.

This NPCI circular focusses on the 35 Digit UPI TRAN ID.

 

It is generated for every transaction and allows users to track their transactions.

 

If users have any queries about a transaction, they can check the UPI Reference Number tracking associated with the payment and use it to fetch all the details.

The relevant NPCI UPI Circular can be read here @ https://www.npci.org.in/PDF/npci/upi/circular/2024/UPI-OC-193-FY-23-24-Non-Compliance-to-TXNID.pdf

Disclaimer: These are my personal thoughts only. The bottom line is Spreading the Joy of Safe ePayments.

 

Safe and Stylish: Unveiling World SafeePay and Blouse Day Delights

 

The need for observing World SafeePay Day and World Blouse Day arises from the absence of dedicated global celebrations for these concepts.

World SafeePay Day aims to celebrate the joy of safe electronic payments in all financial transactions, representing an abstract celebration that highlights the significance of secure and efficient digital financial interactions.

As the world increasingly relies on electronic payment systems, having a designated day for SafeePay emphasizes the importance of secure and reliable digital financial transactions.

 

On the other hand, World Blouse Day seeks to celebrate the joys of wearing blouses in a more lively and visually impactful manner.

The concept involves a powerful display of togetherness, with millions of people stepping out wearing blouses based on a chosen theme.

This display celebration not only promotes a sense of unity but also serves as a unique and creative expression of shared identity through clothing.

 

The introduction of these days aligns with the United Nations' approach to designating specific days to raise awareness, promote action, and celebrate achievements related to various global issues.

While international days often focus on serious matters, World SafeePay Day and World Blouse Day offer a mix of abstract and lively celebrations, catering to the diverse interests and aspects of modern life.

In a world where electronic transactions and cultural expressions are integral parts of daily living, these designated days would contribute to fostering awareness and appreciation for safe ePayments and the joy of wearing blouses.

 

 

SafeePay's joy, transactions secure,

World Blouse Day, colors allure.

Digits dance, a digital delight,

Blouse themes bloom, in unity's light.