RBI Governor Sanjay Malhotra announced that NPCI will have the autonomy to revise UPI transaction limits for in-person merchant payments, previously capped at ₹2 lakh. This decision was revealed alongside the MPC's decision to lower the repo rate by 25 basis points to 6.0%.
from Banking/Finance-Industry-Economic Times https://ift.tt/xNRb5jr
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