Google Pay introduces UPI LITE

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Google Pay has launched UPI LITE on its platform with the goal of making digital payments simple, fast and reliable.

UPI LITE allows users to perform fast UPI transactions with a single click without the need to enter a UPI PIN.

Ambarish Kenghe, Vice President of Product Management, Google, said, “Unique offerings and use cases are core to increasing the adoption of digital payments in the country, and with the introduction of UPI LITE on the platform, we aim to simplify small-value transactions by helping users reach a convenient payment experience.” Compact and ultra-fast.”

He said Google Pay is fortunate to partner with the Indian government, along with the NPCI and RBI, in increasing the reach and usefulness of UPI.

Behind the scenes, the LITE account is linked to the user’s bank account, but is not dependent in real time on the underlying banking system of the issuing bank.

Also read: NPCI is set to launch UPI Lite for offline small value transactions

Due to this technical innovation by the ecosystem, UPI LITE promises higher success rates, even during peak transaction hours.

The UPI LITE account can be loaded with up to $2,000 twice a day, and allows users to make instant UPI transactions of up to $200. Using UPI Lite also results in a less cluttered bank ledger, with fewer transaction details.

The UPI LITE feature was launched by the Reserve Bank of India in September 2022 to facilitate the process of UPI transactions and has been enabled by the National Payments Corporation of India (NPCI). As of now, 15 banks support UPI LITE, with more to follow in the coming months.

Also read: UPI Lite. All you need to know about UPI Lite

How to activate

How to enable this feature on Google Pay

● Google Pay users can go to their profile page and click Activate UPI LITE

● Upon completion of the linking process, users will be able to add funds of up to 2,000 rupees to their UPI LITE account, with a limit of 4,000 rupees per day.

● Subject to UPI Lite balance and for transaction values ​​less than or equal to Rs 200, UPI LITE account will be selected by default.

● To complete the transaction, users need to click on “Pay PIN-Free”