UPI Lite

[Bapun]

Two months after the Reserve Bank of India (RBI) floated a framework for facilitating small digital payments in offline mode, India's flagship payments processor has designed an on-device wallet for Unified Payments Interface (UPI) transactions up to Rs 200.

UPI Lite will initially launch as a pilot with multiple apps and banks.

A balance of up to Rs 2,000 can be maintained in the wallet which can be reloaded only in the online mode through a two-factor authentication process, the letter said.

National Payments Corp prepares on-device wallet to debut UPI Lite for small offline transactions

UPI Lite for transactions up to Rs 200 will happen in two phases

www.moneycontrol.com

 

[Prithi Deb]

This will help avoiding the deadly stares from the Bank employees while updating the Passbook.

https://twitter.com/x/status/1503401446447886339

Source

 

[OnlyTech]

UPI Lite enables users to make small payments of up to Rs. 200 using a feature phone without requiring an active internet connection or PIN.

UPI Lite, Bharat BillPay Cross-Border Bill Payments, RuPay credit card on UPI launched by RBI

 

[Bapun]

Once loaded, a UPI LITE wallet allows a user to do instant transactions of up to ₹200, making the entire experience quick and seamless. A maximum of ₹2,000 can be added twice in a day to UPI LITE, making the cumulative daily usage up to ₹4,000.

Additionally, with UPI LITE, users can carry out a large number of small value UPI payments in a superfast manner without worrying about cap on the number of bank transactions. This makes way for a hassle-free payments experience.

Paytm Payments Bank Becomes the First Payments Bank to Launch UPI LITE — Empowers Instant UPI Payments of Smaller Values

Our associate Paytm Payments Bank Limited (PPBL), has gone live with UPI LITE, a feature enabled by National Payments Corporation of India for multiple

paytm.com

 

[OnlyTech]

UPI Lite was launched by the Reserve Bank of India (RBI) in September 2022.

Paytm Payments Bank launches UPI Lite to enable faster small value transactions