NPCI to decide on person-to-merchant payments cap on UPI transactions: RBI

Blitz Bureau New Delhi, April 9 In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said on Wednesday. At present, the transaction amount for UPI, covering both person-to-person (P2P) and person-to-merchant payments…

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