Question
NPCI has extended UPI volume cap deadline till
_______.Solution
The National Payments Corporation of India has extended the deadline for payment aggregators to meet the guidelines on volumes of UPI (Unified Payments Interface) transactions till December 31, 2024. The guidelines, introduced in November 2020, mandated that the UPI volume of transactions initiated through a payment service provider do not exceed 30 per cent of the overall volume of transactions processed in UPI during the preceding three months.
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