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The Hindu

National

Saptaparno Ghosh

REVEALED: Explained daily limit on upi transactions | Vintage Vibes

UPI NPCI Google Pay India

The story so far:

As transactions facilitated by the Unified Payments Interface (UPI) breach record highs, banks have opted for daily limits. These are over and above the already imposed ceilings mandated by the facilitator, the National Payments Corporation of India (NPCI), in 2021. The idea is to sustain the smoother functioning of the payments interface as it continues to acquire popularity.

What is the conversation about daily limits?

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