Can the amount transferred through connectIPS be reversed?

The payments made through connectIPS cannot be stopped or reversed through the system. For the specific cases of merchant payment, you may have to process off-line through the merchant/creditor itself.
For this reason it is important to make it certain that you are sending a right payment amount and to the right beneficiary. Before you make a payment to someone for the first time, double-check with them that you have the correct bank name, branch name and account number. Confirm the receiver’s name, if the payment is being made to the biller or by using mobile number of the connectIPS user.