According to official estimates, the Rs 2,000 threshold would cover only around 5% of all UPI transactions, although these account for nearly 65% of the total value processed on the platform. As a result, routine purchases such as milk, vegetables, groceries, or payments for auto-rickshaws and taxis are unlikely to be affected.
UPI processed 23.7 billion transactions worth Rs 29.9 lakh crore in July.
This story was reported by The Times of India. Read the full coverage at The Times of India.
