RBI MPC approves NPCI to set UPI transaction limits for merchant transactions: RBI Governor

India's Central Bank RBI Governor Sanjay Malhotra announced that NPCI will have the authority to revise UPI transaction limits for in-person merchant transactions. Additionally, the regulatory sandbox will become theme-neutral and 'on-tap.' This follows the RBI's decision to cut the repo rate by 25 basis points and shift to an accommodative stance.

Most Recent