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NPCI has instructed banks, payment service providers and UPI applications to increase transaction limits for hospitals and educational services, RBI, UPI new limit
As of December 27, 2023, workers not eligible for the Aadhaar Based Payment System due to various reasons made up 34.8% of registered workers and 12.7% of worke
This shows a staggering growth for UPI payments service in the country which recorded around 74 billion transactions in 2022 and 38.7 billion transactions in 2021.
The National Payments Corporation (NPCI) has instructed payment applications to disable inactive UPI IDs by December 31 to prevent inadvertent fund transfers.