The National Payments Corporation of India (NPCI) on Monday assured that there is "no vulnerability of loopholes" reported in Bharat Interface for Money (BHIM) or the Unified Payments Interface (UPI) applications.
"We have done intensive testing, robust design of security controls and continuous monitoring of its UPI infrastructure," said NPCI Managing Director and CEO A.P. Hota.
Hota was referring to certain media reports on technical malfunction in some banks' UPI application, and added that NPCI has implemented adequate governance mechanism for banks to report any fraud or system issues and their redressal.
"All downloads do not necessarily lead to activation and usage... In many cases they have downloaded it to see that they have not linked their mobile number to the bank account," he said.
Accordingly, the government has launched a special drive for linking of mobile number with bank accounts for which banks are expected to reach out to their customers and ensure universal acceptance of mobile banking services at the earliest, Hota added.