Current Affairs - Finance - Discussion

The Reserve Bank of India has increased the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, enabling feature phone users without internet access to make higher-value digital payments. This service operates through methods such as IVR, missed calls, and sound technology, ensuring secure and seamless transactions. Additionally, new features like Aadhaar OTP for authentication and transaction purpose codes enhance security and tracking. This development significantly broadens financial inclusivity.