mobile payments
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UPI123Pay Transaction Cap Raised: Users Can Now Transfer Up to ₹10,000
The Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services. UPI123Pay, introduced in March 2022 to cater to feature phone users, now has a raised transaction cap of ₹10,000, up from the previous limit of ₹5,000. Additionally, the UPI Lite wallet limit has been increased to ₹5,000 from ₹2,000, with a…
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Business
super.money Aims to Break into UPI Top Five with 100 Million Transaction Target by Year-End
Flipkart-backed fintech company super.money has set an ambitious goal to rank among the top five players on the Unified Payments Interface (UPI) leaderboard by year-end, according to a senior executive. Since launching its beta version in June, the company has successfully processed approximately 10 million transactions. Prakash Sikaria, founder and CEO of super.money, stated, “We aim to reach 100 million…
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