UPI limits hiked to Rs 5 lakh for major categories – The Times of India
MUMBAI: The National Payments Corporation of India (NPCI) has raised transaction ceilings on the UPI for use in capital market and other merchant categories, widening the platform’s usage from small-value transfers to higher-value commerce.Peer-to-peer transfers remain capped at Rs 1 lakh, but payments to merchants now carry far higher limits. For capital markets, insurers, government…