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According to industry insiders, NPCI has in recent weeks seen a massive spike in low-ticket recurring transactions (as low as Re 1) processed by gaming merchants.
“These transactions especially spiked during IPL matches, which has led to apprehensions among NPCI and member banks that increased transaction loads could lead to more system outages,” said one of the sources cited above.
Instead of UPI, NPCI wants customers and merchants to use standing instructions (SI) based modes of payment, such as netBanking, for such payments to ensure a smoother flow, a source said. The credentials of the customer, merchant and the ticket size is known beforehand. SI-based recurring channels are engineered to process such payments, the source added.
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