GOOGLE PAY AND PHONEPE SOON GET TRANSACTION LIMIT OR NOT
GOOGLE PAY AND PHONEPE SOON GET TRANSACTION LIMIT OR NOT
UPI close Unlimited Transactions?
UPI close Unlimited Transactions?
In India Users soon become unable to make unlimited transactions through PhonePe, Google Pay, and other UPI payment.
In India Users soon become unable to make unlimited transactions through PhonePe, Google Pay, and other UPI payment.
NPCI Collaborates with RBI for Limiting Volume Cap
NPCI Collaborates with RBI for Limiting Volume Cap
The National Payments Corporation of India is still working with Reserve Bank of India to implement it's proposed 31st Dec deadline for limiting the volume cap for third party application providers.
The National Payments Corporation of India is still working with Reserve Bank of India to implement it's proposed 31st Dec deadline for limiting the volume cap for third party application providers.
Transaction Limit Till Now
Transaction Limit Till Now
There is no transaction limit on UPI-based applications like GPay, PhonePe, and Paytm
There is no transaction limit on UPI-based applications like GPay, PhonePe, and Paytm
NPCI's RBI Proposal
NPCI's RBI Proposal
To avoid concentration risk NPCI can sent a proposal of a 30% volume cap in November 2022 that desires the RBI to approve.
To avoid concentration risk NPCI can sent a proposal of a 30% volume cap in November 2022 that desires the RBI to approve.
No Such Decisions to Curb UPI Transaction Limit
No Such Decisions to Curb UPI Transaction Limit
We have no such decision has taken in regard to curb transaction limit on UPI applications.
We have no such decision has taken in regard to curb transaction limit on UPI applications.
Stakeholders on Extending Deadline
Stakeholders on Extending Deadline
Some stakeholders industry consecutively want NPCI to extend the deadline for limiting UPI transactions and this is to examine currently.
Some stakeholders industry consecutively want NPCI to extend the deadline for limiting UPI transactions and this is to examine currently.
Resolution for UPI Transaction
Resolution for UPI Transaction
Some reports claiming that the problem of market cap implementation getting resolved at the end of this month
Some reports claiming that the problem of market cap implementation getting resolved at the end of this month
More Details by Nov End
More Details by Nov End
We are expecting that there will be more clarity on whether UPI transaction limit can be capped at the end of November
We are expecting that there will be more clarity on whether UPI transaction limit can be capped at the end of November
NPCI First Proposal in 2020
NPCI First Proposal in 2020
At first NPCI proposed to cap the volume of transaction at 30 percent return in 2020. The expected market cap was later extended and UPI applications are like PhonePe and Google Pay had given minimum two more years to comply.
At first NPCI proposed to cap the volume of transaction at 30 percent return in 2020. The expected market cap was later extended and UPI applications are like PhonePe and Google Pay had given minimum two more years to comply.