Npci Imposes 30 Cap On Transaction Volumes For Upi Apps
According to the NPCI, the imposition of the cap will be calculated based on the total volume of transactions processed in UPI during the preceding three months on a rolling basis. “It will help address the risks and protect the UPI ecosystem as it further scales up”, said the agency in an official statement. The system will come into effect from January 2021, and existing third-party app operators exceeding the specified cap will have a period of two years to comply with the new regulation in a phased manner....