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From today Google Pay, PhonePe, Paytm, BHIM changed the rules, know-how and how much you will be able to pay through UPI
National Payments Corporation: National Payments Corporation of India i.e. NPCI has changed the payment system from today.
National Payments Corporation of India i.e. NPCI has changed the payment system from today. Inactive for 1 year, Google Pay, PhonePe, Paytm, BHIM and other UPIIDs have been discontinued. Now no payment will be made through this. National Payment Corporation of India has issued an order to block such UPIID from apps and banks like Google Pay, Paytm and PhonePe.
Unified Payments Interface is an electronic payment system. Through this, payment is made using the mobile application linked to your bank account. Regulated by the Reserve Bank of India and supported by the National Payments Corporation of India, UPI enables instant, fee-free fund transfers.
Now payment up to Rs 5 lakh can be made through UPI. Earlier it was limited to one lakh rupees only. However, this payment will be limited to hospitals and educational institutions.
