UPI Apps Like Paytm and GPay to Show Only Real Beneficiary Names from June 30, 2025 to Curb Frauds

From June 30, 2025, sending money through UPI will become safer, thanks to a new rule from the National Payments Corporation of India (NPCI). The rule will ensure that only the verified bank name of the person or merchant receiving the money is shown before a transaction is completed. This move is aimed at reducing UPI-related frauds by removing misleading display names. 

What Is Changing? 

Right now, when you make a UPI payment, the name you see might come from the receiver’s contact name, nickname, QR code, or app-generated alias. But this can be misleading. Scammers have taken advantage of this by using fake or similar-sounding names to trick people into sending them money. 

Starting June 30, UPI apps must show only the real, verified name of the ultimate beneficiary—the person or business registered in their bank’s system (Core Banking Solutions or CBS). This name is pulled from the official bank database and cannot be changed or faked. 

How Will This Help? 

This change will: 

• Help you see exactly who you're paying. 

• Reduce the chances of making a payment to the wrong person. 

• Make it harder for scammers to trick users with fake display names. 

• Bring uniformity across all UPI apps. 

Who Will Be Affected? 

Both peer-to-peer (P2P) and peer-to-merchant (P2PM) payments will follow this new rule. Whether you're sending money to a friend, family member, or a small business owner like your local kirana shop, the app will now show their bank-registered name only. 

You might like: NPCI To Cut Response Time to Improve UPI Speed from June 16, 2025

Will the Way You Pay Change? 

Not much will change in how you use UPI. You can still use phone numbers, UPI IDs, or QR codes to pay. The main difference is that the name you see before hitting “Pay” will be the official one from the bank’s record—not a nickname or alias. 

Atul Gupta from Cashfree Payments said this will reduce mistakes and improve trust during transactions. Even if it takes a little getting used to, especially for those who rely on nicknames or shop names, it’s a step in the right direction. 

Conclusion 

This move by NPCI is a big step towards safer digital payments in India. With only verified bank names being shown, it will be harder for fraudsters to trick users. Over time, this should lead to fewer UPI scams and more trust in digital payments. 
 
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.