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In the era of digital money, consumers now prefer to do transactions online rather than in cash.
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Online sales are fast rising across the globe. Many people also use UPI to make payments.
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Only certain amounts can be paid using the UPI app. Each bank has a daily UPI transaction cap.
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This implies that there is a daily cap on the amount of money you can send or receive.
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You can use UPI to transact up to Rs 1 lakh per day, per NPCI regulations. This cap could be different from bank to bank.
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The maximum amount that may be paid through UPI has been set by Amazon Pay at Rs 1 lakh.
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PhonePay allows users to complete no more than 10 or 20 transactions per day. There is no daily transaction cap set by PhonePe.
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You can only complete 10 transactions every day, though. This means that you can accomplish a maximum of 10,000 transactions per day.
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you can only send Rs 20,000 from Paytm at this time every hour. You can only complete 20 transactions per day and 5 transactions per hour with this app.