Google Pay,
PhonePe: Will
UPI Apps Get

Users in India might soon be unable to make unlimited transactions via PhonePe, Google Pay and other UPI payment

No More Unlimited
Transactions Using UPI?

As per reports, the National Payments Corporation of India (NPCI) is working with Reserve Bank of India to implement its proposed Dec 31 deadline for limiting the volume cap for third party app providers 

NPCI Partners With
RBI For Limiting
Volume Cap 

As of now, there is no transaction limit on UPI-based apps like Google Pay, PhonePe and Paytm

No Transaction
Limit Till Now

In order to avoid concentration risk, NPCI sent a proposal of a 30% volume cap in November 2022, which it wants the RBI to approve

NPCI’s Proposal To RBI 

Till now, no decision has been taken in regard to curbing transaction limit on UPI apps

No Decision On Curbing
UPI Transaction Limit

Some industry stakeholders reportedly want NPCI to extend the deadline for limiting UPI transactions and this is being examined currently

Stakeholders Want To
Extend Deadline

Some reports claimed that the issue of market cap implementation will be resolved by the end of this month

Resolution Soon For
UPI Transaction Limit?

It is expected that there will be more clarity on whether UPI transaction limit can be capped, likely by the end of November

More Clarity By Nov End

NPCI first proposed to cap the volume of transactions at 30 per cent back in 2020. However, the desired market cap was later exceeded and UPI apps like PhonePe and Google Pay were given at least two more years to comply

First NPCI Proposal
In 2020

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