Phonepay, Paytm Payment May Be Banned Till 31 December

If you pay with Phonepay, Googlepay, Paytm and other upi payment apps, then NPCI (National Payments Corporation of India) is preparing to curb your UPI payment by allowing up to 30% payment on third party apps. Preparation is going on.

Because of which companies like Phonepay Paytm Googlepay are also going to have problems. Because Phonepay, Paytm, Googlepay, they do a lot for upi payment in India. If there is a 30% cap on upi payment, then the companies will suffer a lot. Because there is no limit in upi payment of these companies, the share is 80%. Because of which people are also going to have a lot of problems.

NPCI (National Payments Corporation of India)

is preparing to apply on 31st December 2022, now NPCI is checking all the possibilities. In which opinions of all industries are being taken, now there is no possibility of extending the date.

You must know that every bank has a daily upi payment limit. Like sbi’s upi payment received and payment sending limit is 1 lakh, ICICI bank daily limit 1 lakh, PNB (Punjab National Bank) consumer’s limit is 2500 thousand, HDFC bank’s daily upi transaction limit 1 lakh Union bank of india daily upi transaction limit is 1 lakh. And the limit of all banks is given in the same way. With which we can make daily payment through UPI payment.

Nowadays, due to the large number of payments made through UPI, the UPI payment is very high. UPI payment has increased from 7.7% to 730 crore in October 2022. Transactions worth Rs 12.11 lakh crore have taken place in October. Transactions worth Rs 11.16 lakh crore have taken place in September. There have been 678 crore UPI payment transactions in September, so if a limit of 30% is fixed on UPI payments, then people who make more online payments may face a lot of problems.

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