RBI working on offline digital payments framework, hikes IMPS limit to Rs 5 lakh

Madhusudanan R, co-founder, M2P Fintech, said that the increase in the IMPS transaction limit is significant because the Unified Payments Interface (UPI) is based on that system and a whole host of peer-to-peer (P2P) payments and initial public offer (IPO) payments will be simplified as a result.

from Banking & Finance – The Financial Express https://ift.tt/3DlFYqM