In the context of upi limit per day, the term Prepaid Payment Instrument (PPI) refers to digital wallets, that facilitate online money storage and transactions. PPIs include various forms like wallets, smart cards, preloaded gift cards, vouchers, and magnetic chips.
Transactions via PPI involve using wallets like PhonePe, Paytm, SODEXO vouchers, Amazon Pay, and Freecharge. These wallets enable payments by scanning a UPI QR code, streamlining digital transactions.
