Now, pay up to Rs 500 via UPI Lite without PIN; transaction limit raised from Rs 200: RBI
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said data networks are patchy in many remote areas, so the higher UPI Lite limit would help travellers make digital payments.
More of Abhishek's views on money management
This August 2023 report covers the RBI's decision, announced at its August 10 policy review, to raise the per-transaction limit for PIN-free UPI Lite payments from ₹200 to ₹500, within an overall balance limit of ₹2,000. It also outlines RBI proposals for offline UPI Lite payments using NFC technology and AI-based conversational payments on UPI. It includes comments from Abhishek Kumar.
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Now, pay up to Rs 500 via UPI Lite without PIN; transaction limit raised from Rs 200: RBI