RBI raises UPI 123Pay transaction limit to enhance digital payments for feature phone users

zeenews.india.com

The Reserve Bank of India has increased the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000. This change, confirmed by the National Payments Corporation of India, will take effect on January 1, 2025. UPI 123Pay allows users of feature phones to make digital payments without internet access. It offers various transaction methods, including voice payments and missed call options, and is designed to improve access for non-smartphone users. Customers can only link one bank account to UPI 123Pay at a time. To add a new account, they must first de-register the existing one.


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RBI raises UPI 123Pay transaction limit to enhance digital payments for feature phone users | News Minimalist