Big boost for digital payments with enhanced UPI123Pay and UPI Lite limits.
UPI123Pay – New Limit
– Previous Limit: ₹5,000 per transaction.– New Limit: ₹10,000 per transaction.– Highlight: Helps feature phone users with larger transactions via IVR or missed calls.
UPI Lite – New Limit
– Previous Limit: ₹500 per transaction, ₹2,000 wallet limit.– New Limit: ₹1,000 per transaction, ₹5,000 wallet limit.– Highlight: Easier small-value transactions without constant wallet top-ups.
RBI's Goal
RBI's Goal
– Focus: Digital inclusion for all.– Goal: More accessible digital payments, especially in rural areas with limited internet access.
– Focus: Digital inclusion for all.– Goal: More accessible digital payments, especially in rural areas with limited internet access.
Future Impact
– Expectation: Increased UPI adoption across India.– Takeaway: Smoother, faster digital payments for millions!