UPI 123Pay transaction limit doubles to Rs 10,000 for feature phone users

The Reserve Bank of India (RBI) has increased the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, allowing users to make higher-value digital payments via feature phones. UPI 123Pay is a service designed for people who do not have internet access on their mobile phones, offering a way to make digital payments through methods such as:

IVR (Interactive Voice Response): Users interact with a voice-based system to carry out transactions.