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Transaction limit increased of UPI for stores
March 06, 2020
National payments corporation of India (NPCI) has increased the UPI transaction limit for stores to boost the digital payment giants like Paytm, Phone Pe and Google Pay of retail stores in the country.
According to NPCI the increased transaction limit will be applicable for bill collections, premium payouts and capital markets and it will not be applicable on peer to peer transfers.
More than 1 billion transactions took place every month last year.current.
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