NPCI has introduced a 30% cap on third occasion UPI app transactions

The Nationwide Funds Company of India (NPCI) the umbrella organisation for working retail funds and settlement techniques in India, has introduced a brand new norm. In response to the NPCI a brand new cap will come into impact from January 2021, that may set a 30% cap on third occasion UPI app transactions.

That is more likely to have an effect on apps like Google Pay and PhonePe probably the most since they’ve the majority of the transactions.

NPCI caps third occasion UPI app transactions to 30%: Particulars

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