The FinTech Hub
Source: Live Mint The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments…
Source: Live Mint Unified Payments Interface, or UPI, undoubtedly, has lately become ubiquitous. It has emerged as one of the world’s most popular alternative payments method, processing transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37 per cent year-on-year (y-o-y) surge in comparison to previous year. To give…
Source: Business Standard The UPI Lite feature enables low-value transactions without requiring a UPI PIN. Photo: Shutterstock 2 min read Last Updated : Oct 09 2024 | 2:30 PM IST The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products….
Source: Live Mint Governor Shaktikanta Das announced today that the Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time. The per-transaction limit for UPI 1 2 3 Pay has been increased to ₹10,000 from ₹5,000. Additionally, the UPI Lite wallet limit has been raised from ₹2,000 to…
Source: Live Mint If you are using UPI Lite for small-value transactions, then there is good news for you. Starting October 31, you will be able to use auto top-up option for reloading the amount of your choice in your UPI Lite account. By issuing a circular dated August 27, the National Payments Corporation of…
