UPI, UPI Lite, UPI AutoPay & Digital Wallets
UPI’s standard limit is ₹1 lakh per transaction and per day (on a rolling 24-hour basis, not a midnight reset), with enhanced limits up to ₹2–5 lakh — and in specific cases up to ₹10 lakh — for verified categories like insurance, capital markets, and government payments. This guide covers UPI Lite (an on-device wallet, raised to a ₹5,000 balance limit in October 2024, for small payments tracked separately from your main UPI limit, plus UPI Lite X for offline NFC payments), UPI AutoPay (recurring mandates up to ₹15,000 without extra authentication, and up to ₹1,00,000 for specific categories like insurance and credit card bills per a December 2023 NPCI circular), and UPI 123PAY (feature-phone access, capped at ₹10,000 per transaction). We cover digital wallets/PPIs and their KYC-tiered limits and interoperability mandate, UPI’s international expansion to countries including Singapore, UAE, and Nepal, and RuPay-credit-card/credit-line-on-UPI products. We close with the NPCI’s proposed 30% market-share cap on dominant apps like PhonePe and Google Pay — a measure repeatedly delayed and, as of mid-2026, still not enforced.