Shaktikanta Das  25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500. Oct 9, 2024
Unified Payments Interface (UPI)

UPI Transactions Skyrocket, Marking Digital Payment Surge

The Unified Payments Interface (UPI) has seen a significant surge in its transaction value and volume in September. The data released by NPCI on Tuesday revealed that UPI transactions reached a remarkable value of Rs 20.64 lakh crore, marking a 31% year-on-year increase. Oct 1, 2024