The National Payments Corporation of India (NPCI) has increased the per-transaction ceiling to INR 5 lakh in anticipation of the September 15 income tax return (ITR) filing deadline, but only for firms that fit under tax payment-aligned categories. Additionally, NPCI has raised the 24-hour aggregate transaction limit and per-transaction limit
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record. There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The
The volume of Unified Payments Interface (UPI) transactions increased by 8% month over month to reach 16.73 billion in December, the largest amount the digital system has seen since becoming live in April 2016. Additionally, the value rose from INR 21.55 trillion in November to INR 23.25