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UPI Payment transactions cap News

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UPI Payment transactions cap
03 Dec 2022
NPCI relaxes deadline to levy cap on digital payment transactions by two years
India has decided to extend the deadline on capping the share of digital payment transactions by about two years. The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30% of the total volume of transactions on UPI from Jan 1. They are powered by the state-backed United Payments Interface (UPI) framework.






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