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.
NPCI gets number series from DoT to facilitate payment services to feature phone users subject to conditions.
It’s a significant step towards simplifying remittances as a functionality, as individuals residing overseas will now be able to conveniently transfer money to a beneficiary by simply adding their UPI IDs, without having to remember their bank account details
This is aimed at cutting out the middlemen in the delivery of monetary provisions, subsidies and incentives so that it rules out pilferages and reaches the targeted individuals without any loss in the process.
The National Payments Corporation of India (NPCI) yesterday announced that it had given Facebook-owned WhatsApp the green light to go…