Why is full anonymity impossible with India's KYC-driven UPI system?
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Full anonymity isn't possible with India's KYC-based UPI system. Shouldn't I consider whether privacy-focused options, like virtual accounts or payment gateways, can provide safer partial masking without causing compliance issues or violating RBI rules?
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In India, you can't truly stay 100% anonymous on UPI. Due to RBI rules, every account must be linked to your ID and bank details (KYC). While you can use tools like virtual IDs to hide your name from the person you’re paying, the bank and the government can still see exactly who you are. Just be careful not to use any 'workarounds' that violate the rules, as that can lead to legal trouble.