No more unlimited payments on Google Pay, PhonePe: UPI apps may soon have transaction limits

Highlights The NPCI is in talks with RBI on the volume cap limit of 30 per cent. Currently, there is no volume limit, and Google Pay and PhonePe account for over 80 per cent of all digital payments. The NPCI had earlier proposed a 30 per cent volume cap for third-party app providers (TRAPs). The … Read more