New Delhi: National Payments Corporation of India (NPCI) has lately launched UPI Lite, which is an on-device pockets, to ease the fee by way of UPI with none want to use UPI Pin many times. According to the NPCI Data, greater than 90% transactions on UPI had been lower than Rs 200. Hence, NPCI got here up with UPI Lite for small financial worth transactions of lower than Rs 200 with out UPI Pin. UPI Lite is an on-device pockets that permits to pay small financial worth fee upto Rs 200 by way of UPI with out UPI pin. A person can maintain the most quantity of Rs 2000 in the pockets at any given level of time.
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Currently, the service is accessible just for 8 banks customers. Those who need to avail UPI Lite service, they’ve to first enable it on BHIM app.Â
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Here’s the step-by-step guide to enable the UPI Lite on your gadget:
- Login your Bhim App
- Find the possibility asking to enable UPI Lite on your gadget
- Click it and undergo phrases and situations
- Fill up UPI Lite pockets with any quantity upto Rs 2000 by way of your linked checking account
- You can’t use Debit and Credit card to fill cash in UPI lite
- It’s prepared to use
How does it work?
Whenever you scan a QR code for fee through BHIM app and if the quantity is lower than Rs 200, you may avail UPI lite. Just kind the quantity you need to pay after scanning and tab on the verify. UPI lite gained’t ask UPI Pin.
Users can have the possibility to select between easy UPI with UPI Pin or UPI lite.
They can see the stability of UPI Lite on Bhim app at the prime of the interface.
