NPCI raises UPI transaction limit to Rs 5 lakh for high-value payments

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The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions in specific categories to Rs 2-5 lakh.

In a circular dated August 28, NPCI stated that the relaxed transaction limit will apply to categories such as insurance, travel, jewellery, and credit card bill payments, among others.

The UPI regulator said the enhanced limit will also apply to merchants who have been verified in accordance with its guidelines. Member banks can set lower internal limits on UPI transactions in the mentioned…



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NPCI raises UPI transaction limit to Rs 5 lakh for high-value payments



The National Payments Corporation of India (NPCI) has increased the limit for Unified Payments Interface (UPI) transactions in specific categories to Rs 2-5 lakh.

In a circular dated August 28, NPCI stated that the relaxed transaction limit will apply to categories such as insurance, travel, jewellery, and credit card bill payments, among others.

The UPI regulator said the enhanced limit will also apply to merchants who have been verified in accordance with its guidelines. Member banks can set lower internal limits on UPI transactions in the mentioned…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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