Tag: UPI Payment

UPI payment increased by 118% in rural and small towns

22Dec

By editor3No Comments

Feature, National News

UPI payment increased by 118% in rural and small towns

Jaipur, December 22, 2023. Transactions through Unified Payments Interface (UPI) at retail stores in rural and semi-urban areas have increased by 118% in a year. If we talk about its value i.e. the amount transacted, it has also seen an increase of 106%. According to the data of National Payment Corporation of India (NPCI), a total of 7030.51 million (about Rs 703 crore) transactions have been done from December 1 to 18 this year. The amount transacted through these transactions has been around ₹ 11 lakh crore.

Now you can make payment up to ₹ 5 lakh through UPI: This is for educational institutions and hospitals

11Dec

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Rajasthan News

Now you can make payment up to ₹ 5 lakh through UPI: This is for educational institutions and hospitals

Jaipur December 11, 2023. The government has increased the limit of payment through UPI from ₹ 1 lakh/day to ₹ 5 lakh/day. At present, this facility will be available in hospitals and educational institutions on payment through UPI. currently the limit for normal UPI payment is ₹ 1 lakh. Whereas the limit for capital market, collection, insurance and foreign inward remittance is Rs 2 lakh. Apart from this, the government has exempted Extra Factor Authentication (AFA) on auto-debit UPI payments up to ₹ 1 lakh. Till now, extra factor authentication was required for auto debit payments of more than ₹ 15,000