Online paymentTo promote the Reserve Bank of India (RBI) a New credit policyHas announced. This policy is for online payment, mobile payment, card payment. This new policy will affect the mobile payment app.
The payment transfer limit has also been increased to Rs 2 lakh by the payment bank, earlier it was only Rs 1 lakh. It has also been directed to give priority to interoperability in all payment modes.
The benefit of the policy can also be availed through UPI
You will also be able to avail the benefits of the new policy through UPI. Under this new policy, another facility will also be provided from banking on your mobile, so that your work will be easier.
The payment app will become a debit cart
The facility of RTGS and NEFT will also work on your payment app, so on the one hand, now your payment app will become a debit cart. Any kind of payment can be made through it. The most special thing is that you can also withdraw money from it.
All debit card features in the mobile app
Many people will benefit from this facility. Your mobile will have all the features that your debit card has. If you want to withdraw money, the app will make the job easier. People whose business is based on payment will get relief from the banking facility. The Reserve Bank of India (RBI) said that now you can send Rs 2 lakh through the online payment app.
RBI launched this facility in 2018
You can do all the work from your mobile with a debit card. Other benefits will also be provided keeping in view the convenience of the customers. There will be every facility on ATM, QR code, bill payment, One Touch. The RBI launched inter-operability in October 2018.