Now, NPCI can revise transaction limits on UPI based on evolving user needs

The Reserve Bank of India (RBI) on Wednesday authorised the National Payments Corporation of India (NPCI) to revise transaction limits on India’s flagship real-time payments platform, Unified Payments Interface (UPI), based on evolving user needs.

This revision in limits on UPI has to be done in consultation with stakeholders of the UPI ecosystem and the banks, the RBI said.