Unified Payments Interface (UPI) - News & Updates

[Elvin Paul]

RBI has increased UPI lite wallet limit from ₹2000 to ₹5000 & per transaction limit from ₹500 to ₹2000 & also enhanced UPI123 per transaction limit from ₹5000 to ₹10000.

The moment I have been waiting for.

 

[iDJ]

This is so bad. Friend of mine who received money from another friend who happened to get money from some flagged account got his bank account blocked, filed a case against him and asked to visit cyber police in Bangalore.

 

[Bapun]

The Reserve Bank of India (RBI) has allowed holders of full-KYC Prepaid Payment Instruments (PPIs) to conduct Unified Payments Interface (UPI) transactions via third-party applications.

RBI permits third-party UPI apps to process payments from PPI wallets

The revised regulations by the Reserve Bank of India (RBI) stipulate that PPI issuers must enable full-KYC wallet holders to link their PPIs to third-party UPI apps.

entrackr.com

 

[Bapun]

NPCI extends deadline to implement UPI market share cap to December 31, 2026.

https://twitter.com/x/status/1874093678945591307

 

[federer.reddevil]

INDMoney has started UPI from Dec 31

 

[Bapun]

It has been decided not to allow, any special characters in UPI transaction ID. Any transaction with ID containing special characters shall be declined by the central system.

 

[Elvin Paul]

RBI has increased UPI lite wallet limit from ₹2000 to ₹5000 & per transaction limit from ₹500 to ₹1000 & also enhanced UPI123 per transaction limit from ₹5000 to ₹10000.

Has this been implemented by anyone? Haven't seen any updates from major payment apps regarding this till now.