Recently, mobile payment service provider, Google Pay has started to roll out the UPI Lite feature for users in India.
Google Pay Introduced UPI Lite Feature
Now, Google Pay users can make everyday payments for everyday items such as groceries, snacks, and cab rides faster with the launch of UPI Lite.
Coming to UPI Lite, it was launched by the Reserve Bank of India in September last year.
It is basically a digital payment service designed by the National Payments Corporation of India (NPCI).
With the help of this service, users can send up to ₹200 money with a single tap from their UPI Lite account as this service does not require one to enter a PIN to initiate the payment.
The main focus of UPI Lite is to make digital payments simple and fast.
Although UPI Lite is linked to the user’s bank account, it does not rely on the issuing bank’s core banking system in real-time.
With the implementation of the UPI Lite, higher success rates even during peak transaction hours is expected.
To start with, the users can load up to Rs 2,000 twice a day and make payment of up to Rs 200 at a time.
It is noteworthy here that the other platforms like Paytm and PhonePe have already rolled out the feature on their platforms.
So far, 15 banks support UPI Lite.
“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,” said Ambarish Kenghe, VP Product Management from Google, while talking about the rollout.
Step by Step Demonstration to Activate UPI Lite On Google Pay
- First of all go to the Google Pay app by locating and tapping on the profile icon at the top right corner of the phone’s screen.
- Now, scroll down and find the ‘UPI Lite’ feature and Tap on it.
- It will open a new screen with instructions and details about UPI Litem. Here Tap on activate UPI Lite.
- Next, Link your bank account and follow the on-screen instructions.
- As soon as the process is complete, you will receive a confirmation message stating that UPI Lite has been activated.
- You are all set now to add funds to your UPI Lite account of up to Rs 2,000.