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  • Context (HT): NPCI begins deployment of UPI Tap and Pay Facility for payments apps.
  • The UPI Tap and Pay feature leverages the Near Field Communication (NFC) capability in smartphones, allowing users to make on-the-go payments without the need to scan a QR code.
  • It can be accessed only on phones or devices that have NFC capability.
  • NFC ensures a secure connection within a 4 cm distance, making it an ideal technology for UPI transactions.

Transaction Limits

  • Users can initiate transactions of up to Rs 500 at a time, with a daily cap set at Rs 4,000.
  • For purchases under Rs 500, users of UPI Lite can tap their phones against a UPI Smart Tag or UPI Smart QR without entering a UPI PIN.
  • For transactions exceeding Rs 500, users will be required to input their PIN after tapping their device.

National Payment Corporation of India (NPCI)

  • NPCI is an umbrella organization for operating retail payment settlement systems in India.
  • NPCI was established jointly by the RBI and the Indian Bank’s Association (IBA) under the Payment and Settlement Systems Act of 2007 to create a robust Payment & Settlement Infrastructure in India.
  • NPCI is registered as a non-profit organisation under the Companies Act of 2013.
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