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.
