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UPI Lite: RBI raises limit of wallet to Rs 5,000, per transaction to Rs 1,000

UPI Lite: RBI raises limit of wallet to Rs 5,000, per transaction to Rs 1,000

UPI Lite transactions are offline to the extent that an Additional Factor of Authentication (AFA) is not required, and transaction alerts are not sent in real-time New Delhi: The Reserve Bank on Wednesday increased the UPI Lite wallet limit to Rs 5,000 and the per-transaction limit to Rs 1,000 to encourage wider adoption of the […]

The post UPI Lite: RBI raises limit of wallet to Rs 5,000, per transaction to Rs 1,000 appeared first on India Retailing.

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