Add family members to make UPI payments from your a/c
Thursday, 8 August 2024 RBI allowed 'delegated payments' on UPI, enabling third parties to perform transactions using a primary user's account. The tax payment limit on UPI was raised to Rs 5 lakh. This innovation is expected to enhance digital payment reach. Additionally, continuous cheque clearing was introduced to improve efficiency, potentially allowing same-day clearance.
UPI has transformed the payment landscape in India. It allows micro-merchants to accept digital payments. Now UPI is available in many foreign countries like Singapore. It makes life easy for Indian..