Thursday, Apr 25 2024 | Time 06:57 Hrs(IST)
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Business Economy


Welcome step by RBI to increase transactions and e-mandate limit : Asbe

Kolkata, Dec 04 (UNI) Dilip Asbe - MD & CEO, NPCI, on Friday said it's a welcome step by RBI to increase transactions and e-mandate limit.
In a statement, Asbe said, " The increased limit will also help to boost the average value of transaction and push the adoption of digital payments. This step re-affirms the commitment of the country to become a less-cash economy. "

" The announcement will help RuPay cardholders to make secured contactless transactions of upto Rs. 5000 on the go thereby facilitating them with hassle free transaction experience. "
" Similarly, this will be a major boost to the users of recently launched UPI AutoPay functionality for the customers to execute their high ticket recurring payments like utility bills, investments, two-wheeler EMIs, consumer durable EMIs etc. seamlessly. "
" The move will also help customers to on-board into BHIM UPI for performing easy and convenient P2P and P2M transactions. "

" NPCI continues to play a pivotal role in driving the digital India mission through constant innovation, spreading awareness and deploying robust technology and infrastructure for seamless, secure and convenient payment experience. "
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