The Reserve Bank of India (RBI) has increased the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, allowing users to make higher-value digital payments via feature phones. The NPCI (National Payments Corporation of India) followed up with a directive for banks and service providers to implement this change.

• UPI 123Pay is a service designed for people who do not have internet access on their mobile phones, offering a way to make digital payments through methods such as:
• IVR (Interactive Voice Response): Users interact with a voice-based system to carry out transactions.
• Missed Calls: A feature where users can make payments by dialing specific numbers and hanging up, triggering a payment process.
• OEM (Original Equipment Manufacturer) Apps: Special apps installed on feature phones that allow users to make payments.
• Sound Technology: Using sound waves to securely transfer payment information between devices