UPI payments above Rs 1 lakh: Soon, you can pay a higher amount to merchants in new categories

Reserve Bank of India (RBI): The RBI announced several consumer centric developments in its monetary policy committee (MPC) meet on April 9, 2025. Among them is a development about increasing transaction limits for unified payment interface (UPI). The RBI said: At present, the transaction amount for UPI, covering both Person to Person (P2P) and Person to Merchant payments (P2M), is capped at ₹1 lakh.