RBI ups the limit of UPI Lite to Rs 500, Conversational and offline NFC payments introduced

Reserve Bank of India (RBI) on Monday announced three major changes coming to UPI. This includes the upraise of UPI lite limit for a single transaction, offline UPI transactions via NFC, and conversational transactions. UPI Lite now supports payments of up to Rs 500 RBI Governor Shaktikanta Das in a press release revealed that...