UPI transactions: Check all the latest limits that are now imposed on digital payments

The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments more inclusive, the banking regulator’s boss announced to widen the scope of small value digital payments by raising their limits considerably.