RBI allows NPCI to revise UPI transaction limits for merchant payments
At present, the transaction amount for UPI, covering both Person to Person (P2P) and Person to Merchant payments (P2M), is capped at ₹1 lakh except for specific use cases of P2M payments which have higher limits, some at ₹2 lakh and others at ₹5 lakh. The National Payment Corporation of India (NPCI), in consultation with … Read more