Informative

UPI Advisory: New Mechanism allows Auto-Acceptance and Rejection of Chargeback Amounts

Update / Judgement Date

13 Feb 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingOther Legal Matters

A new UPI advisory introduces a mechanism for auto-acceptance and rejection of chargeback amounts. This simplifies the chargeback process for UPI transactions. It reduces delays and improves efficiency in resolving payment disputes. This benefits both merchants and customers using UPI.

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UPI Advisory: New Mechanism allows Auto-Acceptance and Rejection of Chargeback Amounts

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