Revolutionizing UPI Transactions
"Revolutionizing UPI Transactions: No OTP Required for Transactions Up to ₹1 Lakh in These 3 Categories" The exemption from OTP requirements applies to three specific types of transactions: 1. Low-Value Transactions For transactions involving amounts up to ₹1 lakh, users will no longer encounter the additional step of OTP verification. This exemption is designed to expedite the payment process for smaller transactions, making it more convenient for users engaging in day-to-day financial activities. 2. Frequent Payee Transactions Frequent transactions to the same payee will also be exempt from OTP verification. This recognizes the patterns of repeated payments to established recipients, offering a more streamlined process for users who regularly transact with specific entities. 3. Verified Beneficiary Transactions Transactions to verified beneficiaries will enjoy the same exemption, further simplifying the process for users who have established the authenticity of their payee...