NPCI, the body behind India’s UPI payments system, has tightened rules by capping daily transactions per account at 10. This is a drop from the earlier limit of 20, introduced via a circular dated October 21. The move targets artificial, incentive-driven transactions that can distort usage patterns on the platform.
PhonePe strengthened its lead in India’s UPI ecosystem in March, with transactions up 88% to 1,050 crore and overall UPI volume hitting record highs. NPCI data shows the month’s transaction value climbed to 29.53 lakh crore. Google Pay and Paytm saw slight market-share declines, while smaller players like Navi and super.money gained modest ground. Regulatory moves on PPIs and new UPI use cases also loom.
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