June 24, 2024

Google Pay has not too long ago unveiled UPI Lite as a brand new addition to its platform, providing an enhanced and expedited technique for conducting minor transactions. UPI Lite, developed by the Nationwide Funds Company of India (NPCI) and launched by the Reserve Financial institution of India in September 2022, presents a seamless digital cost answer. With UPI Lite, people can effortlessly switch funds as much as Rs 200 with a easy faucet, eliminating the necessity to enter a PIN. This revolutionary function proves significantly handy for swift funds associated to on a regular basis requirements like groceries, snacks, and taxi fares.

UPI Lite Added to GPay App

The corporate emphasizes that UPI Lite ensures improved transaction success charges, even in periods of excessive transaction volumes. Customers have the potential to load their UPI Lite accounts with a most of INR 2000 twice per day, enabling them to conduct instantaneous UPI transactions of as much as INR 200. Moreover, using UPI Lite contributes to a extra streamlined financial institution passbook, because it reduces the variety of transaction particulars displayed.

The introduction of UPI Lite by Google Pay follows the latest implementation of an identical function by its rivals, Paytm and PhonePe, on their respective platform purposes. It’s value noting that at the moment, UPI Lite is supported by 15 banks, and there are plans to incorporate further banks within the coming months.

“At Google Pay, we really feel privileged to associate with the Indian authorities together with NPCI and RBI, in rising the attain and usefulness of UPI. Distinctive choices and use circumstances are core to driving additional adoption of digital funds within the nation and with the introduction of UPI LITE on the platform, we purpose to simplify small-value transactions by serving to customers entry a handy, compact and superfast funds expertise,” Stated Ambarish Kenghe, VP Product Administration, Google.

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How you can Activate UPI Lite on GPay?

  • Launch the Google Pay app in your cell system.
  • Find and faucet on the profile icon or your profile image, sometimes discovered within the prime proper nook of the display screen. This motion will open your profile web page.
  • In your profile web page, scroll down or navigate to seek out the “UPI LITE” activation choice. Faucet on it.
  • A brand new display screen or window will seem, offering directions and particulars about UPI Lite. Take the time to learn via the data offered.
  • Faucet on the choice to activate UPI Lite.
  • Google Pay will information you thru the linking course of, which can contain linking your checking account or verifying your particulars. Comply with the on-screen directions and supply the mandatory data as prompted.
  • As soon as the linking course of is full, you’ll obtain a affirmation message or notification indicating the profitable activation of UPI Lite.
  • Now you can add funds to your UPI Lite account. Open the Google Pay app and navigate to the UPI Lite part or pockets.
  • Faucet on the choice so as to add funds and enter the specified quantity, with a most restrict of INR 2000.
  • Verify the transaction and proceed. The required quantity shall be added to your UPI Lite account stability.