Question
What is the current status of the volume cap for
Third-party application providers (TPAPs) in the UPI digital pipeline, as managed by the National Payments Corporation of India (NPCI)?Solution
National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, has extended the deadline for limiting volume cap to 30% for Third-party application providers (TPAPs) in UPI by two years till December 31, 2024. TPAPs are third-party app providers. At present, there is no volume cap.
What is the new upper transaction limit for tax payments using the Unified Payments Interface (UPI) as per the National Payments Corporation of India's ...
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