Transaction limits for UPI 123Pay, UPI Lite raised

The Reserve Bank of India has announced an increase in the transaction limits for the UPI 123Pay and UPI Lite. The per-transaction limit for the UPI 123Pay has been increased to ₹10,000 from the current limit of ₹5,000. Meanwhile, the transaction limit for the UPI Lite has been increased to ₹1,000 from ₹500.

The limit for the UPI Lite wallet has been increased to ₹5,000 from ₹2,000. “UPI has transformed India’s financial landscape by making digital payments accessible and inclusive through continuous innovation and adaptation. To further encourage wider adoption of UPI and make it more inclusive,