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UPI Lite Transaction Limit: NPCI has announced new limits for UPI Lite, Auto top-up facility also applicable

Jyoti — Mon, 03 Mar 2025 04:35:08 +0000

UPI Lite: Now customers will be able to transact up to a maximum of Rs 1000 at a time. Earlier this limit was Rs 500. Along with this, the limit of keeping money in the wallet has been increased from two thousand to five thousand rupees.

National Payment Corporation of India (NPCI) has increased the limit per transaction in UPI Lite. Now customers will be able to transact a maximum of Rs 1000 at a time. Earlier this limit was Rs 500. Along with this, the limit of keeping money in the wallet has been increased from two thousand to five thousand rupees. According to the circular of NPCI, these new limits have come into effect with immediate effect.

Recently, through its latest circular, NPCI has announced new limits for UPI Lite. This decision has been taken in line with the announcement of the Reserve Bank of India (RBI) last year. Through this, an effort is being made to make small value transactions easier. NPCI has instructed all banks to immediately make the necessary changes to implement these new limits.

The amount will be automatically added to your bank account

Earlier, the National Payments Corporation has instructed payment service provider banks and app companies to start the facility of transferring the remaining amount of UPI Lite wallet to the bank account. This facility will start by March 31. Currently, users using UPI Lite can add money to their wallet, but there is no option to withdraw it.

Auto top-up facility also applicable

Along with this, the facility of auto top-up has also been implemented. That is, when the balance is low, the amount will be automatically deducted from the bank account and added to the UPI Lite wallet. For this, customers will have to activate this facility. Click on your profile in the consumer app. There you will find the option of UPI Lite, click on it. After that, the option of add money will come, in which select your bank by filling the amount and then add the amount by entering the PIN. Customers can also set the limit of auto top-up. You can keep up to Rs 5000 in the UPI Lite wallet.

There is no need to enter PIN in these cases

According to the new circular of NPCI, UPI Lite users will not need to enter the PIN number for payments below Rs 500. Apart from this, NPCI has asked banks to identify those UPI Lite accounts in which there has been no transaction in the last six months. The balance in these accounts will be sent back to the bank account.

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New limits of UPI Lite transactions come into effect on THIS date, check details here

Jyoti — Sun, 02 Mar 2025 10:09:36 +0000

UPI Lite: The transaction limit in UPI Lite has been increased from Rs 500 to Rs 1000. While the total limit has been increased from Rs 2000 to Rs 5000. Along with this, the feature of auto top-up was also introduced.

UPI Lite: National Payments Corporation of India (NPCI) has introduced new limits for UPI LITE as per RBI’s announcement last year. According to RBI’s notification on December 4, 2024, the per transaction limit (UPI Lite Limit) of UPI Lite wallet has been increased to Rs 1000, while the total limit has been increased to Rs 5000. Not only this, UPI Lite wallet can now be recharged in online mode with additional security (AFA).

This facility will be available with this new feature

Not only this, with the new feature of Auto Top-up on UPI Lite, now there will be no need to transfer money from bank account to UPI Lite account again and again. For this, first you have to set a limit for top-up. Suppose you have set a limit of Rs 1000, then as soon as the balance in your UPI wallet is exhausted, Rs 1000 will be deducted from your bank account and transferred directly to the UPI account. This will make it easier to make payments through UPI. On one hand, the transaction limit is being increased from 500 to 1000. At the same time, the total limit is being increased from 2000 to 5000. Earlier, the maximum balance in UPI wallet could be kept of Rs 2000, whereas now it has been increased by 3000.

When will the new rule be implemented?

In the NPCI circular issued on February 27, it has been said that all the members will have to make necessary changes soon, including increasing the limit. First of all, the bank will identify all those UPI LITE accounts in which there has been no transaction in the last six months. The balance left in these inactive LITE accounts will be transferred back to the bank account. All other changes by the bank will be implemented by June 30, 2025.

What is UPI LITE?

UPI wallet works like an online wallet. Through this, you can make instant payment of up to Rs 500 without entering a PIN. This limit has now been increased to Rs 1000. More than 50 UPI payment apps like Google pay, PhonePe, BHIM, Paytm support it.

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Good news for UPI Lite users! You can withdraw funds to your bank account, know how

Jyoti — Sun, 02 Mar 2025 07:37:13 +0000

UPI Lite: Now UPI Lite users will not need to disable it to withdraw their balance. In a new circular, the National Payments Corporation of India (NPCI) has directed banks, payment service providers (PSPs) and UPI Lite-enabled apps to implement the ‘transfer out’ feature by March 31, 2025.

What will change for UPI Lite users?a

Till now, UPI Lite wallet only had the facility to add money, but there was no option to withdraw or transfer it back to the bank. To use the balance, users had to first disable UPI Lite, after which their remaining balance would be returned to the bank account.

Now with the new ‘Transfer Out’ feature, users will be able to withdraw their balance and transfer it back to their linked bank account without disabling UPI Lite. NPCI has set ‘Purpose Code 46’ to identify this transaction.

These will be the new updates in UPI Lite

Now the bank will have to match the Lite Reference Number (LRN) balance with the NPCI data. It will now be more secure than before as apps using UPI Lite will now require an app passcode, biometric authentication or pattern lock to prevent unauthorized access.

How to activate UPI Lite?

Open the UPI app on your smartphone.

Choose the option to enable UPI Lite.

Accept the terms and conditions.

Enter the amount to add to wallet.

Make payment from linked bank account.

Authenticate by entering UPI PIN.

After activation, users will be able to make payments of small amounts without entering the UPI PIN. This feature will give users more flexibility and control. They will be able to transfer money to their main UPI account or any other linked bank account whenever needed. This will simplify small and frequent transactions and make UPI Lite more convenient.

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UPI Lite transaction limit has increased, these customers will get great convenience

Jyoti — Thu, 05 Dec 2024 04:41:06 +0000

RBI has given a big relief to the customers using ‘UPI Lite’. Actually, the wallet limit in UPI Lite has been increased to Rs 5,000 and the limit per transaction has been increased to Rs 1,000.

RBI increases UPI Lite transaction limits:The Reserve Bank of India (RBI) has given a big relief to the customers using ‘UPI Lite’. Actually, the wallet limit in UPI Lite has been increased to Rs 5,000 and the limit per transaction has been increased to Rs 1,000.

What is UPI Lite?

Transactions under UPI Lite are offline to the extent that they do not require an ‘additional factor of authentication’ (AFA). Also, transaction alerts are not sent in real time. Offline payments refer to transactions that do not require internet or telecom connectivity in mobile phones.

What did RBI say

The Central Reserve Bank said in a circular- The increased limit for UPI Lite will be Rs 1,000 per transaction with a total limit of Rs 5,000 at any time. At present, the upper limit of transactions in offline payments is Rs 500. With this, the total limit of offline transactions on the payment instrument at any time is Rs 2,000. Let us tell you that the Reserve Bank amended the provisions of the ‘offline framework’ issued in January 2022 to facilitate small value digital payments in offline transactions. The central bank had announced to increase the limit of offline payments of UPI Lite in October this year.

UPI transactions decreased in November

Transactions through UPI in the country were low in number and value in November 2024, which is being attributed to the effect of festivals. According to official data, the number of UPI transactions reached a record level of 16.58 billion in October this year and their value was equal to Rs 23.50 lakh crore. In November this year, their number fell to 15.48 billion and their value was Rs 21.55 lakh crore.

Now one-time payment of Rs 1,000 will be possible through UPI Lite, wallet limit increased to Rs 5,000

Jyoti — Thu, 10 Oct 2024 07:02:25 +0000

With the aim of increasing popularity of UPI and to promote it further, the Reserve Bank of India (RBI) has proposed to increase the UPI Lite Wallet Limit from Rs 2,000 to Rs 5,000 and the per transaction limit to Rs 1,000. Currently, the UPI Lite Wallet limit is Rs 2,000 and Rs 500 per transaction.

RBI Governor Shaktikanta Das while presenting the bi-monthly monetary policy review on Wednesday said that with continuous innovation and acceptance, UPI has transformed the financial landscape of the country by making digital payments easy and inclusive.

He said, “To further encourage its use and make it more inclusive, it has been proposed to increase the per transaction limit in UPI 123 payment from Rs 5,000 to Rs 10,000. Also, it has been decided to increase the limit of UPI wallet from Rs 2,000 to Rs 5,000 and the per transaction limit to Rs 1,000.

‘UPI 123 Pay’ facility is now available in 12 languages

With this, NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement System) will facilitate verification of account holder’s name before finalising fund transfer, just like UPI and IMPS (Immediate Payment Service).

Currently, UPI and IMPS allow the sender to verify the name of the recipient (beneficiary) before sending money.

Governor Shaktikanta Das said, “Now sending money under RTGS and NEFT will facilitate verification of the name of the beneficiary. This will reduce the chances of money going to the wrong person and fraud.” RBI said that guidelines will be issued soon in this regard.

UPI Transaction Limit: RBI increases UPI Lite and UPI 123Pay Limits, Check New limit here

Jyoti — Thu, 10 Oct 2024 04:28:14 +0000

Good news came on October 9 for customers using UPI Lite. Now the transaction limit of UPI Lite has increased to Rs 1,000. Earlier this limit was Rs 500. Also, the UPI Lite wallet limit has also been increased to Rs 5,000. Earlier this limit was Rs 2,000. The transaction limit of UPI 123Pay has also been increased from Rs 5,000 to Rs 10,000.

Many big announcements related to UPI

RBI Governor Shaktikanta Das announced the monetary policy on October 9. In this, he made several important changes related to UPI. Its purpose is to make payments easier for UPI customers. Das said that steps are being taken to increase the scope of use of UPI. Many major decisions have been taken under this. In terms of value, UPI transactions remained above Rs 20 lakh crore for the fifth consecutive month.

What is UPI Lite?

UPI Lite is used to buy everyday things. For example, if you buy milk, fruits and vegetables daily, then you can make payment for it through UPI Lite. The advantage of using UPI Lite is that you do not need to enter a PIN on every transaction. A large number of people are using it to buy small amounts. Till now, a maximum payment of up to Rs 500 could be made through UPI Lite. Now it has increased to Rs 1,000.

UPI wallet limit also increased

The wallet limit of UPI Lite has also been increased from Rs 2,000 to Rs 5,000. This means that you can put a maximum of Rs 5,000 in your UPI Lite. Then, you can use UPI Lite for daily purchases. RBI has taken this decision to increase the scope of use of UPI Lite. This will be convenient for customers. They will not have to transfer money to UPI Lite wallet again and again.

What is UPI on 123?

A large number of people will benefit from the increase in the limit of UPI123Pay. The reason for this is that this facility is used on feature phones. It does not require any kind of internet connection. This facility was started in 2022. This facility is very important especially in rural areas where people use less internet.

RTGS and NEFT: Now sending money through RTGS and NEFT will allow verification of beneficiary name

Jyoti — Wed, 09 Oct 2024 12:28:18 +0000

RBI has decided to increase the limit of UPI Lite and UPI 123 Pay. Also, now sending money through RTGS and NEFT will facilitate verification of the name of the beneficiary. This will reduce the chances of money going to the wrong person and fraud.

There is good news for those who use UPI for transactions. With the aim of increasing popularity of UPI and promoting it further, RBI has proposed to increase the limit of UPI Lite Wallet from Rs 2,000 to Rs 5,000 and the limit per transaction to Rs 1,000. Presenting the bi-monthly monetary policy review on Wednesday, RBI Governor Shaktikanta Das said that with continuous innovation and acceptance, UPI has changed the financial landscape of the country by making digital payments easy and inclusive.

He said that to further encourage its use and make it more inclusive, it has been proposed to increase the per transaction limit in UPI 123 Pay from Rs 5,000 to Rs 10,000. Also, it has been decided to increase the limit of UPI wallet from Rs 2,000 to 5,000 and the per transaction limit to Rs 1,000. Currently, the limit of UPI Lite Wallet is Rs 2,000 and Rs 500 per transaction.

Verification facility

According to the RBI statement, suitable amendments will be made in the RBI framework related to UPI Lite to facilitate small value payments through offline digital means. Apart from this, UPI 123 Pay facility will now be available in 12 languages. Along with this, like UPI and IMPS, the facility of verification of the name of the account holder will be available before finalizing the fund transfer in NEFT and RTGS.

Currently, before sending money under UPI and IMPS, the sender gets the facility to verify the name of the recipient. Das said that now sending money under RTGS and NEFT will facilitate verification of the name of the beneficiary. This will reduce the chances of money going to the wrong person and fraud. RBI said that guidelines will be issued soon in this regard.

UPI Lite auto top up feature to rolled out on oct 31, know everything here

Jyoti — Mon, 16 Sep 2024 07:46:20 +0000

UPI Lite: After the arrival of UPI Lite, online transactions have become much easier. National Payment Corporation of India (NPCI) keeps adding many new features to UPI from time to time for the convenience of the people.

Now once again NPCI is going to add a new feature in UPI Lite, after which the users doing online transactions through UPI Lite will get relief from many such hassles, which cause them trouble in doing online transactions.

These features are available in UPI Lite

The light version of UPI is called UPI Lite in which you do not even need internet to transfer money. This is an on-device wallet feature in which you can transfer small amounts in real time even without internet. UPI Lite can be used on Bhim and Paytm. Currently, a total of eight banks allow the use of UPI Lite feature. At the same time, you can transact up to Rs 4000 in 24 hours through UPI Lite. The limit on the number of transactions has not been fixed.

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For UPI payment you need 6 or 4 digits, in UPI Lite money can be transferred without PIN. You can also receive money through UPI, but in UPI Lite you only get permission to debit money.

This feature will be an add-on in UPI Lite

Top up feature in UPI Lite from October 31 Users are going to get the facility of auto top-up in UPI Lite feature. This will get rid of the hassle of adding balance to their account again and again. According to the circular of NPCI, from October 31, users will be able to use the auto top-up option to redeposit the amount.

The UPI Lite balance will be automatically loaded from the account to UPI Lite with the amount selected by the users. Its purpose is to provide users the facility to load up to Rs 2000 in their UPI Lite wallet at any time and pay up to Rs 500 from the wallet without UPI PIN. However, users will also be able to turn off the auto top-up option at any time.

RBI permits automatic replenishment of UPI Lite wallet

Pravesh Maurya — Fri, 07 Jun 2024 08:01:51 +0000

UPI Lite was launched in September 2022 to simplify the transaction process with UPI. It was introduced with the aim of making instant payments of small amounts and reducing traffic in banks.

Transactions through UPI are increasing continuously in India. For small transactions, the Reserve Bank of India launched UPI Lite in September 2022. Now RBI has given a big relief to UPI Lite users. Now users will get rid of the hassle of repeatedly putting money in their wallet. After the meeting of the Monetary Review Committee today, Reserve Bank Governor Shaktikanta Das announced that now the facility of auto replenishment will also be available in UPI Lite Wallet.

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Shaktikanta Das said, “In view of the large scale use of UPI Lite, it has now been proposed to bring it under the e-mandate framework and a new service has been introduced to automatically recharge the wallet of the customer when the UPI Lite wallet balance goes below the threshold limit.” This means that the user will not have to add money to the wallet again and again. As soon as the wallet balance goes below the minimum limit, money will be automatically credited to the wallet. This service will not start automatically, but the user will have to start it.

UPI Lite was launched

in September 2022 to simplify the transaction process with UPI. Transactions with UPI have increased in the last few years. UPI is also used by small to big vendors. About half of the total UPI transactions across the country are of Rs 200 and less value. Due to this, payments get stuck many times due to increased traffic. Apart from this, it also takes time to add PIN and follow other processes in UPI. Therefore, UPI Lite was introduced for payment of small amounts and to reduce traffic in banks.

Can make payments up to Rs 500

UPI Lite allows users to transact using an ‘on-device’ wallet, not a linked bank account. This means that you can do it as quickly as possible by just using the wallet, without going through the bank. In this, the NPCI Common Library (CL) app is used. In this, payments of less than Rs 500 can be made. Only up to Rs 500 can be paid at a time.

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Paytm UPI Lite Wallet : No hassle of entering PIN every time for UPI payment, load up to ₹ 4,000 in wallet daily, know the method

Pravesh Maurya — Mon, 13 May 2024 12:44:43 +0000

Paytm UPI Lite Wallet: Users of Paytm UPI Lite Wallet can do transactions up to Rs 500 without entering UPI PIN. Maximum Rs 2000 can be added twice a day in UPI Lite.

Are you tired of entering your PIN again and again for every small UPI payment you make? If yes, then UPI Lite Wallet can help you. Through this you can make payment without UPI PIN. Many UPI apps in the country provide such services. In this connection, you can use Paytm UPI Lite Wallet. Through this you can complete UPI transactions quickly and easily.

One97 Communications Limited (OCL), the company that operates Paytm, said on Monday that they are now focusing on UPI Lite wallet to migrate users who prefer to use the wallet for low value everyday payments. We do. Paytm UPI Lite acts as an on-device wallet, allowing users to store funds and make payments. It provides fast payment facility. It does not require any PIN and it never fails.

Maximum transaction of Rs 500 possible at a time without UPI PIN.
Paytm UPI Lite Wallet users can make transactions up to Rs 500 without entering UPI PIN. This will make the payment process easier and faster. Maximum Rs 2000 can be added twice a day in UPI Lite. In this way, by using this feature you can load a maximum of Rs 4 thousand in a day.

How to activate UPI Lite in Paytm

First open Paytm app
After this tap on UPI Lite Activate icon on Paytm home page.
After this select the eligible bank account for UPI LITE
Enter the amount to be added to UPI LITE
Validate the UPI PIN by entering it. In this way UPI Lite account will be created.
Once UPI LITE account is created, you can make UPI payment without entering PIN.

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UPI Lite on Paytm: Now you can make payment up to Rs 500 without PIN, know how to activate UPI Lite on Paytm

Pravesh Maurya — Thu, 07 Sep 2023 12:29:11 +0000

UPI Lite on Paytm : With changing times, Unified Payment Interface i.e. UPI has become an important payment system. Users can make UPI payments even without internet. Now there is a new UPI Lite version.

Making UPI payments through UPI Lite is an easier version than before. Through UPI Lite, you can now do a transaction of Rs 500 without PIN. Earlier this limit was Rs 200, which has been increased to Rs 500. The facility to transact without PIN is currently limited to small transactions. Now UPI Lite service is also available on Paytm. You will have to activate this on your Paytm app.

You can add this much amount in UPI Lite

Last month, in the meeting of the Monetary Policy Committee of RBI, RBI Governor Shaktikanta Das had announced that in order to take digital payments to remote areas of the country and make the payment experience better than before, the limit of UPI Lite will be increased from Rs 200. 500 is being done.

Now users can do transactions up to Rs 500 without internet and without PIN. Whereas, if we talk about UPI wallet, then a total of Rs 4000 can be added to it in a day. UPI Lite feature can be used on any app like PhonePe, Google Pay and Paytm. If you want to activate UPI Lite on Paytm then you have to follow these steps.

How to activate UPI Lite on Paytm

1. For this first open your Paytm app.

2. Select UPI Lite option on the home page.

3. Then select the bank account for UPI Lite.

4. After this, enter the amount you want to add in UPI Lite here.

5. Then enter your MPIN.

6. Now your UPI Lite is ready. You can make payment up to Rs 500 in just one tab even without entering the PIN.

Increased use of UPI in rural areas

Last month, RBI and NPCI decided to increase the limit of payments through UPI Lite to increase the reach of UPI in rural areas of the country.

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How to activate UPI Lite on Google Pay?

Pravesh Maurya — Fri, 14 Jul 2023 04:28:32 +0000

How to Activate UPI Lite: If you also use Google Pay, then this news will make you happy. UPI Lite facility has been launched by Google Pay for Indian users. This will make it easier for the users to pay for digital payments. Through the UPI line, Google Pay users will be able to pay for everyday needs like groceries, snacks and cab rides. UPI Lite was launched by RBI in September 2022.

Will be able to pay 200 rupees in one go

Users can send up to Rs 200 at a time from the UPI Lite account. There is no need to enter any kind of PIN for payment in this service. The purpose of UPI Lite is to make digital payments easy. It was told by Google that with UPI Lite, the user will get the facility to deposit up to Rs 4,000 in a day for immediate payment. But only a maximum of Rs 200 can be paid at a time.

No need to enter UPI PIN

In this feature designed by NPCI, there is no need to enter UPI PIN to make small payments. Let us tell you that Paytm and PhonePe have already started this facility on their platform. At present, 15 banks support UPI Lite.

How to activate UPI Lite on Google Pay?

First go to the Google Pay app.
Find and tap the profile icon on the top right corner of the phone’s screen.
Here, scroll down and search for the feature ‘UPI Lite’.
Tap on it. This will open a new screen with instructions and details about UPI Lite.
Now tap on Activate UPI Lite.
Link your bank account and follow the on-screen instructions.
Once the process is complete, you will receive a confirmation message. It will be told that UPI Lite has been activated.
You can now add funds up to ₹2,000 in one go and up to ₹4000 in two tranches to your UPI Lite account.

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UPI Lite: No tension… You will be able to make UPI payment even without internet, know here what is the method

Pravesh Maurya — Sun, 18 Jun 2023 04:28:18 +0000

UPI Payment: You can keep up to a maximum of Rs 2,000 in UPI Lite. In this, you can make real-time payment up to Rs 200 without UPI PIN.

Nowadays it has become very easy to do transactions through UPI Payment. Digital payment systems like Unified Payments Interface (UPI) have brought about a sea change in the way transactions are done. Nowadays, most people choose the option of UPI payment instead of cash payment. We find UPI payment easy because in just a few seconds we can transfer money directly to a merchant’s or any other person’s bank account by scanning a QR code or through a UPI number. Along with this, we do not even feel the need to keep cash.

The growing trend of UPI payments has eliminated the need to use cash in most cases. You can buy small and big things and pay for them in a second.

UPI Lite service will be able to make offline UPI payment

Many times it must have happened to you that you would need to do a transaction through UPI and at that time you would not be able to send money online due to lack of internet. But do you know that you can make UPI payment even without internet. Yes, offline UPI payment can be done through UPI Lite service. UPI Lite provides you partially offline payment service. So let’s know about it….

Digital payment will be easy through pre-loaded money in wallet

UPI Lite service works on BHIM UPI app. It was launched by the National Payments Corporation of India (NPCI) in the year 2016 to make digital payments easier. You must first add money from your bank account to the app’s wallet. Then using UPI Lite, you can make the payment using the money pre-loaded in your wallet. You can follow these steps to access UPI Lite.

Most of all install BHIM app on your smartphone.
Sign in and add your bank account for UPI transactions.
After this, on scrolling down, you will see a UPI Lite banner, tap on it.
After this go to the ‘Enable Now’ option.
Here now you have to enter the bank account and the amount you want to send to the app.
After this enable UPI Lite.
After this enter your UPI PIN.
After this, as soon as the money is transferred, your UPI Lite e-wallet will be activated.

Real-time payment up to Rs 200 without UPI PIN

You can keep a maximum of Rs 2,000 in your UPI Lite Wallet. At the same time, you can make real-time payment up to Rs 200 without UPI PIN. In this, you will not need to enter UPI PIN again and again.

These banks are providing UPI Lite facility

At present, there are eight such banks, which are providing the facility of UPI Lite. The list of these banks includes State Bank of India, Punjab National Bank, HDFC Bank, Union Bank of India, Kotak Mahindra Bank, Utkarsh Small Finance Bank and Indian Bank.

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UPI Lite Transaction Limit: What is UPI lite ? How to use transaction limit setup and other details

Pravesh Maurya — Mon, 15 May 2023 10:05:05 +0000

UPI Lite Transaction Limit: The facility of UPI Lite was started by the Reserve Bank of India, so that digital payments can be promoted. UPI Lite was launched in September 2022 to simplify the transaction process from UPI.

So far this service has been started by platforms like PhonePe and Paytm. Transactions through UPI have increased in the last few years. Payment is being done through UPI in most of the cities of the country. UPI is also used by small to big vendors. According to the NPC I circular issued in May 2022, 50 per cent of the total UPI transactions across the country are of Rs 200 and less value. Because of this, due to increase in traffic, many times payments get stuck. Apart from this, it also takes time to add the PIN in UPI and follow other processes.

For this reason, UPI Lite was introduced to enable instant payments and reduce traffic in banks. BHIM app has already allowed transactions through UPI Lite. At the same time, Paytm has become the first digital payment app to launch UPI Lite on its platform.

What is UPI Lite

UPI Lite allows users to transact using an ‘on-device’ wallet and not a linked bank account. This means that without going through the bank, you will be able to make the payment as soon as possible by just using the wallet. However you have to add money on the wallet.

How much amount can be paid

Once this feature is set up, UPI Lite Wallet users will be allowed to do instant transactions up to Rs.200. You can easily transfer this money to someone without entering the UPI PIN or verifying the transaction. In particular, users can add a maximum of Rs 2,000 to UPI Lite twice a day. That is, Rs 4000 can be used every day.

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Benefits of UPI Lite

Transactions with UPI Lite will reduce the chances of fraud, as transactions can be done only up to a limit. Banks can make low cost UPI payments without worrying about daily transaction limits. UPI Lite simplifies low cost UPI transactions. Along with this, users can transfer the UPI balance back to the same bank account anytime without any charges.

How will Paytm users be able to setup

To set up UPI Lite in Paytm, open the Paytm app on your iOS or Android smartphone. Then tap on the “Profile” button located at the top left corner of the home page. Now select “UPI & Payment Settings” and then under “Other Settings” section select “UPI Lite”. Now select the account which is eligible for UPI Lite. Add balance to activate it. Now you can use it.

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Paytm New UPI Feature: Good news for UPI Users…! Now UPI users will get all these facilities, check new feature details

Pravesh Maurya — Wed, 10 May 2023 06:04:10 +0000

Paytm Payments Bank New Feature: Paytm Payments Bank has brought a new facility for its customers. Now for Peytm UPI (UPI), facilities like UPI Lite on iOS, Credit Card on UPI and Split Bill will be provided.

Paytm Payments Bank went live with UPI in February 2023, given by the National Payments Corporation of India to facilitate small transactions. About 6 million users have taken advantage of this feature.

According to the new feature added by

Paytm, the bank has given users the option to link their RuPay credit card with the UPI ID on the Paytm app. With the new split bill feature, users can create friend groups and share their bills in the group. Users can also tag all payments made on Paytm. In this way all the payments can be viewed at any time through a tag.

Vijay Shekhar Sharma, Chairman, Paytm Payments Bank, said, “We continue to innovate in India while protecting Paytm UPI while empowering users.” He said that we have brought many facilities like split bill, Paytm tag, optional UPI ID on Paytm app.

UPI Lite was launched in February

Let us tell you that Paytm is constantly making changes in its features to make it easier for the users. In the past, Paytm had made UPI payment easy for its users. Paytm had launched UPI Lite in the month of February last. It was said to make payment easier and get rid of the problem of repeated payment failure. With this, users can make payment up to Rs 200 without entering any PIN. Along with this, Rs 2000 can be added in UPI Lite and this can be done twice. In this way Rs 4000 can be added in a day.

The post Paytm New UPI Feature: Good news for UPI Users…! Now UPI users will get all these facilities, check new feature details first appeared on Rightsofemployees.com.

PhonePe launched new feature: You can do UPI transactions without entering your PIN, activate UPI Lite like this

Pravesh Maurya — Fri, 05 May 2023 10:41:52 +0000

Making UPI payments has become even easier for users of the digital payment platform PhonePe. In fact, PhonePe has announced that it has made the UPI Lite feature live on its app i.e.

now users can easily make payments of up to Rs 200 without entering the UPI PIN. Recently, digital payment and financial services company Paytm also started this feature.

Rahul Chari, Co-Founder and Chief Technology Officer, PhonePe, said, “UPI Lite is a core part of the UPI Stack offering, with a vision to enhance users’ digital payments experience for frequent and low-ticket-sized spends. Is. Overall UPI payments have a significant volume of small transactions and UPI Lite will make them faster and more convenient without putting pressure on the existing UPI infrastructure.”

Features of UPI Lite feature

UPI Lite was launched in September 2022 by Reserve Bank of India (RBI) Governor Shaktikanta Das to make low-value UPI payments faster and easier. Through UPI Lite, you will be able to easily do many small daily transactions with a single click. UPI Lite Wallet allows users to make instant transactions up to Rs.200, once loaded. No PIN will be required for transactions up to Rs.200. This will make the payment process easier and faster. In this, a maximum of 2 thousand rupees can be added at a time.

How to activate UPI Lite feature in PhonePe?

Open PhonePe app
On the home screen of the app, users will get the option to enable UPI Lite.
Users can select the bank account to be linked in UPI Lite by entering the amount.
The UPI Lite account will be activated successfully as soon as you enter the UPI PIN.

Paytm New Feature: Paytm brought this new feature of UPI, Small transactions will be done at high speed

Pravesh Maurya — Wed, 15 Feb 2023 15:28:39 +0000

Paytm Payments Bank Limited (PPBL) has launched UPI LITE on Wednesday. This feature has been launched by National Payments Corporation of India for many low value UPI transactions.

With the help of the feature, real time transactions can be done more quickly in one click through boxes. The bank aims to promote the trend of digital payments across the country.

NPCI made feature

UPI Lite has been designed by the National Payments Corporation of India (NPCI). This app was launched by the Reserve Bank of India i.e. RBI in September 2022. This also improves the bank passbook of small value transactions, as these payments will be visible only in the Paytm balance and history section. These will not be present in the bank passbook.

The bank has started this as part of its steps taken to increase innovation. He says that he is the first Payments Bank, which has launched such UPI Lite feature. The company said in a press release that once loaded, the UPI Lite wallet will allow users to make instant transactions of up to Rs 200, making the entire experience fast and seamless. The company said that a maximum of Rs 2,000 can be added to UPI Lite twice in a day. With this, a person will be able to use up to Rs 4,000 daily.

Transaction will also become more secure

NPCI COO Praveena Rai said that we are very excited to launch UPI Lite on Paytm Payments Bank. He said that in UPI Lite, users will get a faster, safer and seamless low-value transaction experience. He further said that more than 50 per cent transactions through UPI are of less than Rs 200. So UPI Lite will better authorize low value transactions. They will be separated from core banking.

Rai told that this will improve the success rate of the transaction. With this, the user experience will improve and it will take one step closer to processing one billion transactions on the UPI platform.

The post Paytm New Feature: Paytm brought this new feature of UPI, Small transactions will be done at high speed first appeared on Rightsofemployees.com.

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