To make digital payments easier and better, the Reserve Bank of India (RBI) has increased the limit of its popular instant payment system UPI Lite. From now on, users can now make payments up to Rs 1,000 per transaction, with the total wallet limit being Rs 5,000. Currently the maximum limit for offline payment transactions…
To make digital payments easier and better, the Reserve Bank of India (RBI) has increased the limit of its popular instant payment system UPI Lite. From now on, users can now make payments up to Rs 1,000 per transaction, with a total wallet limit of Rs 5,000. Currently the maximum limit for offline payment transactions…
eRupee, an Indian central bank digital currency (CBDC), crossed transactions worth Rs 5.70 crore in the first 4 months after entering the retail trial phase. The information was disclosed by the Reserve Bank of India (RBI) in response to an RTI query by Moneycontrol. RBI had started the eRupee retail trial on December 1, 2022…