Hike in contactless transaction limit to further digital drive: Industry

"This is a welcome step by the RBI to increase transactions and e-mandate limit. The increased limit will also help to boost the average value of transaction and push the adoption of digital payments. This step re-affirms the commitment of the country to become a less-cash economy," said Dilip Asbe - MD & CEO, National Payments Corporation of India (NPCI).

from Banking/Finance-Industry-Economic Times https://ift.tt/2Ib9lVO