The RBI has proposed increasing the UPI transaction limit from ₹1 lakh to ₹5 lakh, aiming to simplify higher-value payments, including taxes.
Additionally, the RBI plans to allow delegated payments, enabling a user to authorize someone else to make UPI transactions from their account without needing a separate UPI-linked bank account. In a bid to protect borrowers, the RBI will create a public repository of digital lending apps and increase the frequency of credit reporting to ensure quicker updates and better risk assessment by lenders.