Payment apps like Google Pay, Paytm, PhonePe, and others, as well as banks, have been requested by the National Payments Corporation of India (NPCI) to deactivate UPI IDs and numbers that have not been used for more than a year. Payment apps like Google Pay, Paytm, PhonePe, and others, as well as banks, have been requested by the National Payments Corporation of India (NPCI) to deactivate UPI IDs and numbers that have not been used for more than a year.

According to NPCI, the maximum daily payment limit for UPI transactions is now ₹ 1 lakh. To encourage more people to use UPI payments, the RBI increased the transaction limit to ₹ 5 lakh on December 8, 2023, for payments to hospitals and educational institutions.

Additionally, certain merchant UPI transactions above ₹ 2,000 that are done through online wallets or other prepaid payment instruments (PPI) would be subject to an interchange fee of 1.1%. Additionally, certain merchant UPI transactions above ₹ 2,000 that are done through online wallets or other prepaid payment instruments (PPI) would be subject to an interchange fee of 1.1%.

Members of UPI will soon be able to use the "Tap and Pay" feature.

UPI ATMs, which allow you to withdraw money from your bank account by scanning a QR code, will soon be installed throughout India thanks to a partnership between RBI and the Japanese corporation Hitachi. UPI ATMs, which allow you to withdraw money from your bank account by scanning a QR code, will soon be installed throughout India thanks to a partnership between RBI and the Japanese corporation Hitachi.

UPI passed a significant milestone in August 2023 when it surpassed 10 billion transactions.

The potential for 100 billion Unified Payments Interface (UPI) transactions per month in India has been stated by a senior official of the National Payments Corporation of India.

A four-hour time limit would be imposed each time a user begins the first payment over ₹ 2,000 to a user they have never transacted with before in an effort to stop the growing number of cases of online payment fraud. A four-hour time limit would be imposed each time a user begins the first payment over ₹ 2,000 to a user they have never transacted with before in an effort to stop the growing number of cases of online payment fraud.

The Reserve Bank of India (RBI) established a number of policies and procedures that would take effect from January 1, 2024, with the goal of expanding the use of UPI payments.

Shaktikanta Das, the governor of the Reserve Bank of India, revealed in the bimonthly Monetary Policy Committee (MPC) meeting that the transaction limit for UPI payments made to hospitals and educational institutions has been increased from Rs 1 lakh to Rs 5 lakh. Shaktikanta Das, the governor of the Reserve Bank of India, revealed in the bimonthly Monetary Policy Committee (MPC) meeting that the transaction limit for UPI payments made to hospitals and educational institutions has been increased from Rs 1 lakh to Rs 5 lakh.