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Transaction limit for small value UPI payments in offline mode raised to Rs 500

Economic Times

Economic Times · 2y ago

Transaction limit for small value UPI payments in offline mode raised to Rs 500

To increase the speed of small-value transactions on UPI, an on-device wallet called UPI-Lite was launched in September 2022 to optimise processing resources for banks, thereby reducing transaction failures.

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RBI proposes increase in UPI Lite transaction limit to ₹500

Startup News FYI

Startup News FYI · 2y ago

RBI proposes increase in UPI Lite transaction limit to ₹500

The Reserve Bank of India (RBI) has put forth a proposal to enhance the per transaction payment limit for UPI Lite in offline mode to ₹500. The central bank also introduced other measures aimed at promoting the widespread adoption and usage of digital payments within the country.

Daily UPI transaction limits increased: Now you can pay up to Rs 5 lakh if payments fall under these categories: check list - The Economic Times

Economic Times

Economic Times · 1d ago

Daily UPI transaction limits increased: Now you can pay up to Rs 5 lakh if payments fall under these categories: check list - The Economic Times

The National Payments Corporation of India (NPCI) has raised UPI transaction limits for specific categories to Rs 5 lakh per transaction, effective September 15, 2025. This new limit applies to entities aligned with tax payments, government e-marketplace, travel, and business-related transactions. Additionally, the transaction limit for categories like insurance premiums and capital markets has been increased to Rs 10 lakh within 24 hours. These changes aim to facilitate higher value payments and enhance the UPI's utility.

RBI permits automatic replenishment of UPI Lite wallet

YourStory

YourStory · 1y ago

RBI permits automatic replenishment of UPI Lite wallet

The Reserve Bank of India (RBI) has proposed a new facility that would allow customers to automatically refill their UPI Lite wallets. UPI Lite is a simplified version of the Unified Payments Interface (UPI) and serves as an on-device wallet for small-value transactions. Currently, UPI Lite has a daily limit of Rs 2,000 and a single payment limit of Rs 500. By introducing the option for automatic replenishment, the RBI aims to promote greater adoption of UPI Lite and enhance the ease of making small digital payments. Additionally, the RBI plans to include recurring payments, such as Fastag and National Common Mobility Card (NCMC), in the e-mandate framework to further convenience for customers.

NPCI raises UPI transaction limit to Rs 5 lakh for high-value payments - The Economic Times

Economic Times

Economic Times · 14d ago

NPCI raises UPI transaction limit to Rs 5 lakh for high-value payments - The Economic Times

The National Payments Corporation of India (NPCI) has increased UPI transaction limits to Rs 5 lakh for high-value payments in certain categories, including insurance and travel. The transaction limit was previously capped at Rs 1 lakh. This move broadens the scope for large-value payments via UPI, enhancing its utility. UPI's popularity continues to grow, with transactions surpassing 20 billion in August 2025, driven by smartphone penetration and adoption by platforms like Google Pay and PhonePe.

UPI transaction limits for these categories set to change from September 15, 2025; see the list - The Economic Times

Economic Times

Economic Times · 8d ago

UPI transaction limits for these categories set to change from September 15, 2025; see the list - The Economic Times

From September 15, 2025, the National Payments Corporation of India (NPCI) will increase UPI transaction limits for certain categories. Transactions related to insurance premiums, capital markets, and others will have a per-transaction cap of ₹5 lakh and a daily cumulative limit of ₹10 lakh. This change aims to facilitate higher-value payments using UPI, reflecting its growing status as a preferred payment method. Regular UPI transactions will still have a limit of up to ₹1 lakh per transaction.

RBI Increases Transaction Limits For UPI123Pay, UPI Lite

Inc42 · 11m ago

RBI Increases Transaction Limits For UPI123Pay, UPI Lite

- RBI increases the per transaction limit for UPI123 Pay from INR 5,000 to INR 10,000 - The transaction limit for UPI Lite is raised from INR 500 to INR 1,000 - UPI Lite wallet limit is increased from INR 2,000 to INR 5,000 - UPI123 Pay is a service introduced in 2022 for feature phone users - UPI123 Pay allows users to access UPI services without an internet connection - UPI123 Pay supports 12 languages for seamless accessibility.

PhonePe, G-Pay lead UPI in Nov; Flipkart's super.money overtakes Amazon Pay

Entrackr

Entrackr · 9m ago

PhonePe, G-Pay lead UPI in Nov; Flipkart's super.money overtakes Amazon Pay

Unified Payments Interface (UPI) recorded a 6.6% decline in transaction count (15.48 billion) and an 8.3% decrease in transaction value (Rs 21.55 lakh crore) in November compared to October. The top UPI apps also saw a slight decline in their volume and value, while a few new players have improved their positions in the competitive landscape. Despite the overall decline, PhonePe maintained its dominance in the UPI market with 7.4 billion transactions amounting to Rs 10,88,635.03 crore. The platform held 47.82% of the transaction volume and 50.52% of the transaction value. Google Pay followed as the second-largest UPI player, processing 5.7 billion transactions worth Rs 7,64,639.66 crore, capturing 37.07% of the volume and 35.48% of the value. Paytm (OCL) retained its position as the third-largest player, facilitating over 1 billion transactions worth Rs 1,18,004.06 crore. It accounted for 6.95% of the total UPI transaction volume and 5.48% of the transaction value. Notably, Navi maintained its lead over Cred to secure the fourth position in terms of transaction volume. The app processed 152.95 million transactions valued at Rs 8,806.45 crore. Cred, which previously held the position, reported 138.24 million transactions totaling Rs 50,560.48 crore. Axis Bank Apps supported 22.20 million transactions worth Rs 4,151.71 crore, while Flipkart’s super.money handled 78.49 million transactions valued at Rs 3,130.10 crore. Amazon Pay recorded 71.60 million transactions worth Rs 7,914.87 crore. This is the first time super.money has surpassed its rival Amazon Pay in UPI transactions. The app was launched in June this year. FamApp by Trio processed 67.41 million transactions amounting to Rs 777.46 crore, and ICICI Bank Apps rounded off the top 10 with 51.13 million transactions valued at Rs 18,538.92 crore. The top three players—PhonePe, Google Pay, and Paytm (OCL)—continue to dominate the UPI market with a combined share of over 90% in both transaction volume and value. To promote digital transactions, the Reserve Bank of India (RBI) has further raised the UPI Lite wallet limit to Rs 5,000 and increased the per-transaction limit to Rs 1,000.

UPI transactions surge 8% in December

Entrackr

Entrackr · 8m ago

UPI transactions surge 8% in December

UPI transactions surge 8% in December Unified Payments Interface (UPI) recorded 16.73 billion transactions worth Rs 23.25 lakh crore in December, marking an 8% increase in volume and a 7.88% rise in value compared to November. On a year-on-year basis, this reflects a 39% year-on-year (YoY) growth in volume and a 28% increase in value, according to data released by NPCI (The National Payments Corporation of India). The average daily transaction count for December was 540 million, with a total daily transaction value of Rs 74,990 crore. In November, the daily average transaction count was 516 million, with a daily transaction value of Rs 71,840 crore. This upward trend continued from October 2024, when UPI processed 16.58 billion transactions worth Rs 23.50 lakh crore. PhonePe currently leads the UPI market with nearly 48% share by transaction volume, followed by Google Pay at 37% and Paytm at 7%. The market share is unlikely to change as NPCI has extended the compliance timeline for Third Party App Providers (TPAPs) exceeding the volume cap in UPI. The deadline has been extended by two years, until December 31, 2026. Meanwhile, NPCI has lifted the user onboarding limit for WhatsApp Pay, allowing the platform to extend UPI services to its entire user base across the country. Currently, UPI payments are accepted in seven countries, including Bhutan, Mauritius, Nepal, Singapore, Sri Lanka, and France. According to media reports, NPCI is working to expand its services to Qatar, Thailand, and the broader Southeast Asian region.

UPI AutoPay top of charts in low-ticket recurring payments

Economic Times

Economic Times · 1y ago

UPI AutoPay top of charts in low-ticket recurring payments

The National Payments Corporation of India's UPI AutoPay feature is gaining popularity for low-value recurring transactions, with top banks like SBI, HDFC Bank, ICICI Bank, Bank of Baroda, and Paytm Payments Bank leading the way. In November, these banks processed 8.1 million AutoPay transactions, up from 3.9 million the previous year. NPCI has asked banks and fintechs to enhance their limits for AutoPay transactions, extending the limit to Rs 1 lakh. UPI AutoPay is expected to attract larger ticket-size transactions and become a comprehensive payment mode.

Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments

Economic Times

Economic Times · 9m ago

Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments

Paytm shares surged over 4% to reach a 52-week high at Rs 939 following the announcement of an automatic top-up feature for its UPI LITE service. The new feature enables PIN-less transactions for payments under Rs 500 and is available for select users of Yes Bank and Axis Bank. Paytm's UPI LITE service allows small-value payments up to Rs 2,000. Additionally, Paytm introduced a UPI statement download feature and has expanded its UPI service globally. Despite the initial rally, the stock experienced some profit booking and was trading at Rs 889.8 as of 1:24 pm.

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