India, April 9 -- The Reserve Bank of India (RBI) today allowed the National Payments Corporation of India (NPCI) to revise transaction limits for person-to-merchant (P2M) payments on the Unified Payments Interface (UPI).

The move aims to accommodate higher-value transactions in select merchant categories.

The announcement was made by the RBI governor Sanjay Malhotra during the first monetary policy review of FY26.

"The other two announcements relate to enabling NPCI to decide, in consultation with the banks and other stakeholders, the transaction limits in UPI for person-to-merchant transactions; and making the Regulatory Sandbox theme-neutral and 'on-tap'," the governor said in his statement.

With this change, NPCI will be able to a...