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RBI Allows NPCI To Revise UPI Limits For P2M Transactions
- The RBI has allowed NPCI to revise transaction limits for person-to-merchant (P2M) payments on the UPI.
- This move aims to accommodate higher-value transactions in select merchant categories.
- NPCI will be able to adjust transaction limits for P2M payments in consultation with banks and stakeholders.
- P2P transactions will remain capped at INR 1 lakh.
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