Google Pay: UPI Lite enables easy, PIN less payments!

Google Pay introduces UPI Lite for sooner and simpler small funds

The corporate additional notes that UPI LITE ensures a excessive success fee even throughout peak transaction hours. UPI LITE account might be loaded as much as Rs.2000 twice a day and permits customers to do on the spot UPI transactions as much as Rs.200. Utilizing UPI Lite additionally offers a much less cluttered financial institution passbook with fewer transaction particulars. ,

The launch of UPI Lite comes weeks after its rivals Paytm and PhonePe rolled out an identical function on their platform apps. Notably, as of now 15 banks help UPI Lite, with extra banks to observe within the coming months.

Speaking in regards to the roll-out, Ambareesh Kenghe, VP Product Administration, Google mentioned, “At Google Pay, we’re proud to associate with the Authorities of India, together with NPCI and RBI, in increasing the attain and usefulness of UPI. Distinctive choices and use instances are key to driving digital funds ahead within the nation and with the introduction of UPI Lite on the platform, we intention to simplify small worth transactions by serving to prospects entry a handy, compact and superfast fee expertise Is. ,

Greatest approach to activate UPI Lite on Google Pay

Gpay customers can simply activate the UPI Lite function via a easy course of with none KYC authentication. This is the step-by-step course of to activate UPI Lite on Google Pay.

• Open the Google Pay app in your cellular gadget.
• Discover and faucet the Profile icon or your profile image, which is often positioned within the higher proper nook of the display. This may open your profile internet web page.
• In your profile web page, scroll down or navigate to seek out the choice for UPI LITE activation. Faucet on it.
• A brand new show or window will seem with directions and particulars about UPI LITE.
• Undergo the given data and 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 required data as prompted.
• As soon as the linking course of is full, you’ll obtain a affirmation message or notification indicating that UPI LITE has been efficiently activated.
• You’ll now have the ability to add funds to your UPI LITE account. Open the Google Pay app and go to the UPI LITE part or Pockets.
• Faucet on the choice so as to add quantity and enter the desired quantity, as much as a most of Rs.2000.
• Confirm transaction and proceed. The quantity will probably be added to your UPI LITE account steadiness.

Please observe that the utmost each day restrict for including funds to your UPI Lite account is INR 4000. Additional, for transactions of worth lower than or equal to INR 200, the UPI Lite account might be chosen by default. Which means that you’ll not have to enter your UPI PIN for such transactions.

conclusion

The introduction of UPI Lite by Google Pay brings simplicity, pace and reliability to small funds. With a single faucet, customers can ship money as much as Rs 200 with out coming into a PIN, making it appropriate for on a regular basis bills. UPI Lite goals to advertise digital funds in India by offering a handy, compact and superfast fee expertise. By increasing its attain and utility, Google Pay contributes to the growth of the UPI platform and helps the Authorities of India’s imaginative and prescient for a cashless financial system. Activate UPI Lite on Google Pay proper now and luxuriate in the advantages of problem free and quick transactions.

Regularly Requested Questions (FAQs)

What’s UPI Lite?

UPI Lite is a digital fee service launched by Google Pay in partnership with Nationwide Funds Company of India (NPCI) and Reserve Financial institution of India. It permits customers to make funds as small as Rs 200 with a single faucet, thereby eliminating the necessity to enter a PIN.

How does UPI Lite work?

UPI Lite has been built-in into the Google Pay platform, enabling customers to carry out fast and one-click UPI transactions with out coming into a UPI PIN. The Lite account is linked to a consumer’s checking account and supplies real-time transactions with out counting on the core banking system of the issuing financial institution.

What are the advantages of utilizing UPI Lite?

Utilizing UPI Lite provides a number of advantages, together with a better success fee throughout peak transaction hours, on the spot UPI transactions of as much as Rs 200 and a much less cluttered financial institution passbook with fewer transaction particulars. It supplies simplified, concise and on the spot fee experience.

How do I activate UPI Lite on Google Pay?

To activate UPI Lite on Google Pay, observe these steps:

1. Open the Google Pay app in your cellular gadget.
2. Faucet the profile icon or your profile picture to entry your profile web page.
3. Scroll down or navigate to seek out the choice for UPI LITE activation and faucet on it.
4. Undergo the given data and faucet on the choice to activate UPI LITE.
5. Comply with the on-screen directions to hyperlink your checking account or confirm your particulars.
6. As soon as the linking course of is full, you’ll obtain a affirmation message indicating profitable activation of UPI LITE.

What’s the most restrict for including funds to my UPI Lite account?

The utmost each day restrict for including funds to your UPI Lite account is INR 4000.

Please see this hyperlink for extra data