1. UPI transaction limit is hiked for schools, and hospitals to INR 5 Lakh from INR 1 Lakh earlier.
2. Deactivation of inactive UPI IDs & number of accounts that have been inactive for one year on apps like Google Pay, Paytm & Phonepe.
3. UPI Lite wallet transaction limit increased from INR200 to 500 INR. These payments can be made without the internet, the maximum amount transferred is 2000 INR.
4. Payments up to 1 lakh for credit card repayment, mutual fund subscription, and insurance premiums will no longer require an additional factor authentication.
5. 1.1% interchange fee on UPI payments made by merchants when the transaction value is less than INR 20,000.