What did I do wrong?” “Bhaisaab, give my 100 bucks back!” This is the 40-plus playing with digital apps that push and pull money using smartphones. I know a group who spent an entire evening pushing a 100 bucks from one account to another using the BHIM (or the Bharat Interface for Money) app. How much can you pay using BharatQR? Your bank’s transaction limit is the limit for this. For BHIM, the limit is Rs10,000 per transaction with a maximum cap of Rs20,000 per day.

Source: Mint February 21, 2017 11:16 UTC