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.

Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications