Two new changes have come to UPI starting November 1. The National Payments Corporation of India (NPCI) has introduced an auto top-up feature and increased transaction limits for UPI Lite, effective November 1, 2024, to streamline small-value digital payments. New transaction limit and more Under the new guidelines, users can now make transactions up to…
UPI transaction limit set to change: The National Payments Corporation of India (NPCI) has made a significant announcement that will benefit millions of taxpayers in the country. Starting September 16, 2024, individuals will be able to use the Unified Payments Interface (UPI) to pay taxes up to Rs 5 lakh per transaction.This follows the NPCI…
The National Payments Corporation of India (NPCI) is reportedly discussing partnerships with several startups to introduce biometric authentication for Unified Payments Interface (UPI) transactions.According to sources familiar with the matter, as reported by MoneyControl, the proposed system would allow users to authenticate UPI payments using fingerprints on Android devices and face ID on iPhones, replacing…
Changing Paytm UPI handle: The Reserve Bank of India (RBI) announced earlier this year that Paytm Payments Bank won’t be able to receive more money into its customer accounts and wallets after March 15, 2024. Because of this, UPI users with “@paytm” handles need to take extra steps to keep using digital payments without interruptions.Due…
New RuPay credit card rules: The National Payments Corporation of India (NPCI) has unveiled updates for RuPay Credit Card holders on the Unified Payments Interface (UPI) platform. These include EMI options, credit account bill payments, instalment payments, and limit management. Banks and card issuers have been asked to enable these features by May 31, 2024.As…
