NEW DELHI, DEC 10
National Payments Corporation of India (NPCI) welcomes the step taken by RBI to increase transactions and e-mandate limit. The increased limit will also help to boost the average value of transaction and push the adoption of digital payments. This step re-affirms the commitment of the country to become a less-cash economy, said NPCI MD and CEO Mr. Dilip Asbe.
In a statement issued here, Mr. Dilip Asbe said “The announcement will help RuPay cardholders to make secured contactless transactions of upto Rs. 5000 on the go thereby facilitating them with hassle free transaction experience. Similarly, this will be a major boost to the users of recently launched UPI AutoPay functionality for the customers to execute their high ticket recurring payments like utility bills, investments, two-wheeler EMIs, consumer durable EMIs etc. seamlessly. The move will also help customers to on-board into BHIM UPI for performing easy and convenient P2P and P2M transactions” .
NPCI continues to play a pivotal role in driving the digital India mission through constant innovation, spreading awareness and deploying robust technology and infrastructure for seamless, secure and convenient payment experience, the statement adds.
