UPI Lite is a payment solution that leverages the trusted NPCI Common Library (CL) application to process low-value transactions set at below ₹500. It is an on-device wallet with the following key features:
- Make payments of up to ₹500 without the use of a UPI PIN on the Google Pay app.
- No fees.
- No KYC required.
- Maximum balance is ₹2,000.
- No charges for money transfer and account closing.
Here are some additional details about UPI Lite:
- UPI Lite is an online wallet where you can pay without the use of a UPI PIN on the Google Pay app. It doesn’t require an e-KYC. You can pay up to ₹500 per transaction and have multiple transactions up to a total of ₹4,000 in a day.
- UPI Lite is a digital account designed to facilitate low-value transactions, making small ticket transactions easier and quicker. The maximum UPI Lite transaction limit is Rs 200, with a maximum cumulative limit of Rs 4000.
- UPI Lite works by adding money to the UPI Lite account through the linked bank account. Once done, the user can complete transactions of up to Rs. 200 using the UPI Lite account balance. Users can add up to Rs 2,000 twice a day to UPI Lite.
UPI Lite is a convenient and efficient mode of offline payment that allows users to perform low-value transactions without the need for a UPI PIN, making the process faster and hassle-free.
