Spending Boost: Soon, pay up to Rs 1,000 without entering PIN on UPI Lite

The Reserve Bank of India (RBI) on Wednesday enhanced transaction limits for UPI123Pay and UPI Lite to encourage wider adoption of these UPI products.

Now, customers using UPI123Pay, which provides UPI functionality on feature phones, will have a per-transaction limit of Rs 10,000, up from the previous cap of Rs 5,000.