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Hike in contactless transaction limit to further digital drive: Industry

The RBI allowing a higher contactless transaction limit of Rs 5,000 against Rs 2,000 currently will drive digital payments further in the country and shows the central bank's commitment to promote a less-cash economy, industry players said on Friday.

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The RBI allowing a higher contactless transaction limit of Rs 5,000 against Rs 2,000 currently will drive digital payments further in the country and shows the central bank's commitment to promote a less-cash economy, industry players said on Friday.

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