The National Payments Corporation of India (NPCI) has increased the limit of UPI 123Pay from Rs 5,000 to Rs 10,000. The move is likely to benefit millions of feature phone users across India who have limited access to the internet. According to an NPCI circular dated October 25, 2024, “A reference is invited to press release issued by Reserve Bank of India (RBI), dated 9th October 2024 with Subject ‘Statement on Development and Regulatory Policies’ whereby RBI has decided to increase per transaction limit from Rs 5,000 to Rs 10,000 for UPI 123Pay.”
