This article examines the RBI's innovative measures to enhance the digital and financial ecosystem. These measures aim to increase convenience, improve security, and promote inclusivity in digital transactions. The key highlights of the proposals include: ‣ Increasing the Transaction Limit for Tax Payments via UPI to Rs 5 Lakh ‣ Introducing a 'Delegated Payments' Facility in UPI to Set Transaction Limits ‣ Establishing a Public Repository for Digital Lending Apps to Combat Unauthorized Players ‣ Increase in the Frequency of Reporting Credit Information to CICs ‣ Expedite the Clearance of Cheques within a Few Hours
