Your favourite UPI app may soon start imposing transaction limits

The National Payments Corporation of India (NPCI) and the Reserve Bank of India are now in discussions over the implementation of the proposed December 31, 2022 deadline for reducing the volume cap.

Currently, there is no volume cap. But, the NPCI suggested a 30% volume cap for third-party app vendors (TPAP) in November.

[Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.