RBI open to raising intl e-commerce transactions cap

.......“If the system wants the limit to be enhanced, that is something that we are positively inclined to look at,” G Padmanabhan, Executive Director, Reserve Bank said on the sidelines of a CII event. Padmanabhan said the limit was set in consultation with PayPal, a major player among the international payment gateways, and added that as many as 99 per cent of the e-commerce transactions fall under the limit of $ 3,000........

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