RBI introduces offline payment via UPI. Here is how you will benefit
RBI allows offline UPI payments via NFC, and raises payment limit to ₹500. Repo rate unchanged at 6.5%
The Reserve Bank of India's announcement on Thursday regarding the introduction of conversational payments and offline functionality in UPI Lite marks a pivotal step that is set to reshape India's economic trajectory. The central bank raised the payment limit via UPI lite to ₹500 from ₹200.