Transaction Limit News Today

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In one instance, a thief in Minnesota got in touch with a youngster in a bar and stole $300,000 by accessing his phone, then transferred the money to his own account with the use of digital wallets.

Contactless cards allow for faster and more convenient payments at participating merchants in India without the need to enter a PIN. The RBI has increased the per transaction limit for contactless card transactions based on stakeholder feedback and the benefits of contactless transactions during the COVID-19 pandemic.

Mumbai: Making payments at educational institutions and hospitals will be easier as UPI users will be able to transfer funds up to Rs 5 lakhs to these establishments...

The Reserve Bank Of India (RBI) has raised the UPI transaction limit for hospitals and educational institutions to Rs. 5 lakhs from Rs. 1 lakh.It was announced by RBI Governor Shaktikanta Das at the...

If you are unsure whether or not you can reverse a UPI payment, it is always best to contact your bank or UPI service provider for assistance.

Maximum amount one can transact in a single transaction has been raised to Sh300,000

M-PESA customers will now be able to send money and make payments of up to Sh.250,000.

This from the previous daily limit of Sh300,000.

The previous daily transaction limit was Sh300,000.