RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice
1 week, 2 days ago

RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice

India TV News  

Starting January 1, 2025, significant changes are coming for those making UPI payments. A deadline was set for December 31, 2024, and if this deadline isn't extended, starting January 1, users will be able to make payments of up to Rs 10,000 per day through UPI123Pay, up from the previous limit of Rs 5,000. However, the transaction limit for smartphone apps like PhonePe, Paytm, and Google Pay remains unchanged, allowing UPI transactions of up to Rs 1 lakh daily. Currently, users of the BHIM app can take advantage of UPI Circle, which allows them to add family members or friends for delegated payments. Secondary users added to a UPI Circle can make payments without needing a bank account.

History of this topic

How 16.73 billion UPI transactions killed the ubiquitous toffee business
2 days, 2 hours ago
UPI hits record with ₹16.73 billion in transactions in December 2024
Trending News
6 days, 1 hour ago
Mint Explainer: How UPI access will make digital wallet users' life easier
6 days, 11 hours ago
NPCI extends market cap deadline for UPI apps for another two years till 2026
6 days, 12 hours ago
India pushes UPI market cap deadline to 2026
Trending News
6 days, 18 hours ago
Paytm shares drop 4% after NPCI extends deadline for UPI market share cap until 2026
Top News
1 week ago
From UPI limits to WhatsApp support, key rule changes effective from January 1, 2025
1 week ago
NPCI extends 30% UPI market share deadline for 3rd party apps to end 2026
Trending News
1 week ago
Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
1 week ago
India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
1 week, 2 days ago
PPI interoperability: How RBI’s new UPI rule set to ease digital payments? An explainer
1 week, 4 days ago
RBI permits UPI transactions via prepaid payment instruments using third-party apps
1 week, 5 days ago
From new limits to new features: All changes made in UPI in 2024
3 weeks ago
UPI achieves record 15,000 crore transactions worth ₹223 Lakh Crore by Nov 2024
3 weeks, 3 days ago
RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details
1 month ago
RBI increases UPI Lite transaction limit: How will you benefit?
1 month ago
Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000
Trending News
1 month ago
RBI increases UPI Lite wallet limit to ₹5,000, transaction cap to ₹1,000
1 month ago
RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines
1 month ago
UPI 123 Pay: Key changes to come into effect before January 1
1 month, 2 weeks ago
Now, you will be able to transfer ₹5 lakh in a single UPI transaction under THIS category: Check details
3 months, 3 weeks ago
Rs 81 lakh crore worth transactions processed by UPI in April-July | DETAILS
4 months, 1 week ago
Google Pay adding UPI Circle to help add secondary user in payment app
4 months, 1 week ago
Swiggy integrates UPI for 5-second in-app payments: How does it work?
4 months, 3 weeks ago
RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced
5 months ago
RBI enhances UPI tax payment limit to ₹5 lakh per transaction
5 months ago
RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
5 months ago
UPI increases convenience but leading to another problem: Here's what experts have to say
7 months, 4 weeks ago
The UPI paradox: Making you overspend but helping others save
8 months ago
India plans to curb Google, PhonePe’s dominance in mobile payments: Report
8 months, 3 weeks ago
73% users will stop using UPI if…: What new survey reveals
10 months ago
NPCI to examine Paytm's third-party app request for UPI: RBI
10 months, 2 weeks ago
Will UPI service continue on Paytm? Company's response
11 months ago
UPI will continue to operate as normal, working with other banks for continuity of service: Paytm
11 months ago
UPI transactions hit a new record with ₹18.23 lakh crore in Dec; 54% higher
1 year ago
5 new ways to use UPI payments as 2024 begins with these rule changes
1 year ago
India’s Growth Story is Linked to Progress Made on Digitisation and Its Access
1 year ago
RBI raises UPI transaction limits, e-mandate bar; check all announcements
1 year, 1 month ago
UPI Payment Limit to Hospitals Educational Institutes Raised to Rs 5 Lakh RBI
1 year, 1 month ago
RBI Raises UPI Payment Limit For Healthcare, Educational Services To Rs 5 Lakh
1 year, 1 month ago
RBI hikes UPI transaction limit for hospitals and educational institutions
1 year, 1 month ago
UPI crosses 10 bn transactions second time in September
1 year, 3 months ago
India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 4 months ago
Google Pay Gets UPI LITE Support In India To Make Pin-free Payments: How It Works
1 year, 5 months ago
Google Pay Gets UPI LITE For Small-Value Transactions: How To Activate And Use
1 year, 5 months ago
Google Pay launches UPI LITE to push small value transactions faster
1 year, 5 months ago
Photo Essay | Going QR: A Code for All Seasons
1 year, 6 months ago
Data | UPI payments: relief for users, a headache for banks
1 year, 6 months ago
Explained | Daily limit on UPI transactions
1 year, 6 months ago

Discover Related