NPCI data shows July value touches Rs 29.88 lakh crore as daily payments cross 763 million
New payment link enables real-time remittances, with merchant payments planned next
Masking mobile numbers boosts privacy but raises fresh verification questions
Payment firms warn framework could deepen PhonePe and Google Pay dominance
Proposal may levy under 0.5 per cent fee on UPI payments above Rs 2,000
