New UPI Rules, Setting Up Payments for your Small Business that can Make the Transactions Easy!

If you have become accustomed to the payment through UPI for your business, you must know the recent changes that have been announced. The change includes a high-value merchant (P2M) transaction, which has a limit of Rs. 10 lakh per day, but for select categories. It has already been in effect since September 2025. However, other changes include daily limits for balance checks, limits in new settlement cycles, and revised autopay rules.

If you are a small business that is figuring out or juggling the new rules, here is the clarity you must have before starting your transaction through the UPI. 

Some points to keep in mind

• As per the new rules, you can now check your bank balance a maximum of 50 times per day per app. If you exceed this, the limit will be blocked for 24 hours on that app.
• Even linked accounts can be viewed 25 times a day.
• You can check the status of a pending payment three times with a 90-second gap between checks.
• With the new rules, each autopay mandate is also allowed a maximum of four total executions.

But what about a new business stuck on the payment systems?

While the above were the new rules directing the merchants already in the business with the UPI payment method, if you are a new venture ready to make a mark in the market, with the only hindrance being a suitable payment system, you must check out the procedure below.

The entire process involves signing up with a provider first so that you can link your business bank account, and then integrate the chosen payment methods to take it further. In simplest terms, here is what you can do:

Select a processor and a method

• This step comes with deciding on the payment methods. You can select what works best for your research about the preferred mode of payment for your customers 
• A few options to explore can be: Credit/debit cards, digital wallets, and transfers with the banks.
• In case yours is a retail business and your customers are going to visit in person, you can choose from credit/debit cards, contactless payments, and digital wallets via a Point of Sale (POS) system.
• You can also keep it traditional setting with just cash and checks.
• For all digital wallets, it is easy to use QR codes that customers can scan from their phones.
• One of the most important steps of this process remains looking for a payment service provider (PSP) so that all the technicalities of processing payments securely can be handled.
• You can select from some of the common options like Stripe, PayPal, Shopify Payments, and others like Razorpay or Paytm. 

Setting up your account and bank connection 

• It is important to sign up with the provider, which includes completing the signup process on the processor that you have chosen.
• A merchant account has to be opened where the funds can be held temporarily before it gets transferred to your bank account.
• Connect your business bank with the merchant's account and verify the account through the procedure mentioned.

Combine the payment methods

• In case of the retail or the physical store, you are required to have a POS terminal or a card reader which can work for mobile devices.
• The processor that you choose provides the necessary hardware and software to process card and contactless payments. 
• Similarly, in the case of online payments, if you own a website, your payment processor's tools can be used to add a payment form.
• You must know that it does not require coding effort, as some processors offer "payment pages" or "payment links".

Marketing gimmicks work everywhere!

You might be thinking, what is the role of marketing in the payment system, but it is an important element not to be missed! Make sure to keep communicating with the customers about their comfort with the payments and motivate them to use the digital options. Keep a tab of what is going on in the market about the trending payment systems and promote the same to attract customers. You can put up pamphlets and posters promoting the most popular payment system in your stores - physical and online -  to inform the customers that even your business aligns with the same. 

Following these steps, your business is ready to send and receive money and embark on your entrepreneurial journey smoothly!