<ul><li>The Reserve Bank of India (RBI) will allow the National Payments Corporation of India (NPCI) to revise the transaction limits for UPI payments made to merchants.</li><li>The move is aimed at making the digital payments system more responsive to the economy’s needs.</li><li>The new policy framework gives NPCI greater flexibility in calibrating limits for person-to-merchant (P2M) payments.</li><li>However, limits on person-to-person (P2P) UPI payments will remain unchanged.</li></ul>

NPCI to decide on UPI merchant transaction limits, says RBI Governor

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