Google Pay has began rolling out the UPI Lite characteristic for customers in India. With UPI Lite, Google Pay customers could make on a regular basis funds for on a regular basis gadgets resembling groceries, snacks, and cab rides quicker.
UPI Lite was launched by the Reserve Bank of India in September final 12 months. It is a digital fee service designed by the National Payments Corporation of India (NPCI). Users can ship as much as ₹200 cash with a single faucet from their UPI Lite account. The service doesn’t require one to enter a PIN to provoke the fee. Aim of UPI Lite is to make digital funds easy and quick.
Although UPI Lite is linked to the consumer’s checking account, it doesn’t depend on the issuing financial institution’s core banking system in real-time. The UPI Lite guarantees larger success charges even throughout peak transaction hours. Users can load as much as ₹2,000 twice a day and make fee of as much as ₹200 at a time.
Readers should be aware that different platforms like Paytm and PhonePe have already rolled out the characteristic on their platforms. As of now 15 banks help UPI Lite.
Speaking concerning the roll-out, Ambarish Kenghe, VP Product Management from Google, mentioned, “At Google Pay, we feel privileged to partner with the Indian government along with NPCI and RBI, in growing the reach and usefulness of UPI. Unique offerings and use cases are core to driving further 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 access a convenient, compact and superfast payments experience.”
How to activate UPI Lite on Google Pay
To activate UPI Lite on Google Pay, observe these steps:
Go to Google Pay appLocate and faucet on the profile icon on the prime proper nook of the telephone’s screenHere, scroll down and discover the ‘UPI Lite’ featureTap on it. This will open a brand new display with directions and particulars about UPI LiteFaucet on activate UPI Lite.Link your checking account and observe the on-screen directions Once the method is full, you’ll obtain a affirmation message stating that UPI Lite has been activated You can now add funds to your UPI Lite account of as much as ₹2,000
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Updated: 13 Jul 2023, 06:50 PM IST
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