UPI 123Pay transaction limit doubles to Rs 10,000 for feature phone users

The transaction limit for UPI 123Pay increased from ₹5,000 to ₹10,000 by the RBI.
This change will benefit millions of feature phone users across India who have limited access to the Internet.
UPI 123Pay is a unique service that allows digital payments on feature phones without the need for internet connectivity.
As per instructions from the National Payments Corporation of India (NPCI), this update, which is already effective, requires full compliance by January 1, 2025.
Transactions of up to ₹10,000 are aimed to be enabled by this update, enhancing access to digital payments in these underprivileged areas.
In areas with unreliable internet access, UPI 123Pay offers offline functionality through methods like Interactive Voice Response (IVR), missed calls, OEM (Original Equipment Manufacturer) apps, and even voice technology for payment processing.
This increase in transaction limits means that farmers, small traders, and microenterprises can now carry out large transactions digitally, reducing their dependence on cash.