India, Sept. 10 -- The National Payments Corporation of India (NPCI), operated by the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA), has announced an increase in daily payment limits for users of its Unified Payments Interface (UPI).

The revised limits will come into effect in mid-September and apply to both peer-to-peer (P2P) and peer-to-merchant (P2M) transactions. Several sectors will benefit from these changes, including the Government e-Marketplace, insurance, travel and tourism, credit card repayments, business and merchant payments, retail foreign exchange transactions, and initial funding for opening digital accounts.

The revised UPI transaction limits will now allow users to make capital market investments...