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Searched Tag: rbi digital payments platform

RBI plans digital lending app repository; Tax UPI limit raised to Rs 5 lakh

RBI proposes digital lending repository and UPI updates

August 8, 2024, 01:20 PM - 2 min read

The RBI proposed creating a public repository of digital lending apps to combat unauthorised players and introduced 'Delegated Payments' in UPI, allowing users to delegate UPI transactions. They also increased the UPI tax payment limit to Rs 5 lakh and plan to speed up cheque clearing by moving to continuous clearing, reducing the cycle to hours.

Experts back RBI's digital payments platform

June 8, 2024, 07:51 PM - 2 min read

Industry experts have endorsed the Reserve Bank's proposal to establish a digital payments intelligence platform. They believe it will help reduce fraud and increase consumer confidence.

RBI proposes digital lending repository and UPI updates

Experts back RBI's digital payments platform

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