Today, leaving home without a wallet isn’t a worry. Payments can be made easily through UPI. But what if there’s no internet on your smartphone? Now, even that’s possible with UPI Lite. Yes, the offline payment facility is available through UPI Lite. This article will explain everything you need to know about UPI Lite.
UPI Lite Limit Increased
UPI Lite, launched in 2023, aims to simplify digital payments. Payments can be made through UPI Lite even without an internet connection. Initially, the RBI set the UPI Lite wallet limit at ₹1,000, but it has now been increased to ₹5,000. However, a single transaction is still limited to ₹1,000.
What is UPI Lite
UPI Lite is an easy and speedy version of UPI (Unified Payments Interface). Throughout this digital revolution, you can make payments even without the internet. It is designed for small payments. In areas where internet connectivity is poor, you can easily make payments through UPI Lite.
Benefits of UPI Lite
UPI Lite allows payments to be made easily without an internet connection. Unlike regular UPI, it does not send frequent alerts, resulting in fewer notifications on your mobile. It is completely secure and allows payments without extra authentication.
RBI raises UPI lite wallet limit to ₹5,000 & per transaction limit to 1000@dmuthuk @BrianFeroldi#RBI #UPI #upiwallet #transaction #incometax #digitaltransformation pic.twitter.com/URn3l5BE1s
— Passionate Stock Investor (@Value_of_Growth) December 6, 2024
UPI Lite is ideal for everyday and small expenses. It enables seamless online payments even in areas with poor network connectivity. Additionally, UPI Lite plays a significant role in promoting Digital India. The Reserve Bank of India (RBI) introduced this feature to ensure all sections of the country are connected to digital payments.
How do you make transactions in UPI Lite without the Internet?
Enable UPI Lite: Activate UPI Lite in your preferred UPI app.
Add Funds: Load up to ₹5,000 into your UPI Lite wallet.
Select UPI Lite: During payment, choose the UPI Lite option.
Confirm Transaction: Enter the receiver’s details and confirm the payment.