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

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Google Pay Introduces UPI Lite for Sooner and Simpler Small Funds

The corporate additional notes that UPI LITE guarantees larger success charges even throughout peak transaction hours. The UPI LITE account may be loaded with as much as INR 2000 twice a day and permits customers to carry out on the spot UPI transactions as much as INR 200. Utilizing UPI Lite additionally ends in 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 the identical characteristic on their platform apps. Notably, as of now 15 banks help UPI Lite, with extra banks to comply with within the upcoming months.

Talking in regards to the roll-out, Ambarish Kenghe, VP Product Administration from Google, mentioned, 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 instances are core to driving additional adoption of digital funds within the nation and with the introduction of UPI LITE on the platform, we goal to simplify small-value transactions by serving to customers entry a handy, compact, and superfast funds expertise.

The best way to Activate UPI Lite on Google Pay

Gpay customers can simply activate the UPI Lite characteristic by way of a easy course of with none KYC authentication. Here’s a step-by-step course of to activate UPI Lite on Google Pay.

• Open the Google Pay app in your cellular gadget.
• Find and faucet on the profile icon or your profile image, normally situated within the prime proper nook of the display. It will open your profile 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 display or window will seem with directions and particulars about UPI LITE.
• Learn by way of the knowledge offered 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 mandatory info 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 activated efficiently.
• Now you’ll be able to 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, as much as a most of INR 2000.
• Verify the transaction and proceed. The funds will likely be added to your UPI LITE account steadiness.

Please observe that the utmost per day restrict for including funds to your UPI Lite account is INR 4000. Moreover, for transactions with values equal to or lower than INR 200, the UPI Lite account will likely be chosen by default. Which means that you’ll not have to enter your UPI PIN for such transactions.

Conclusion

Google Pay’s introduction of UPI Lite brings simplicity, velocity, and reliability to small funds. With a single faucet, customers can ship cash as much as Rs 200 with out coming into a PIN, making it good for on a regular basis bills. UPI Lite goals to boost the adoption of digital funds in India by offering a handy, compact, and superfast funds expertise. By increasing its attain and usefulness, Google Pay contributes to the expansion of the UPI platform and helps the Indian authorities’s imaginative and prescient for a cashless financial system. Activate UPI Lite on Google Pay at this time and luxuriate in the advantages of hassle-free and fast transactions.

Ceaselessly Requested Questions (FAQ)

What’s UPI Lite?

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

How does UPI Lite work?

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

What are the advantages of utilizing UPI Lite?

Utilizing UPI Lite offers a number of advantages, together with larger success charges throughout peak transaction hours, on the spot UPI transactions of as much as INR 200, and a much less cluttered financial institution passbook with fewer transaction particulars. It provides a simplified, compact, and quick funds expertise.

How can I activate UPI Lite on Google Pay?

To activate UPI Lite on Google Pay, comply with these steps:

1. Open the Google Pay app in your cellular gadget.
2. Faucet on the profile icon or your profile image 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. Learn by way of the offered info 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. After 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 day by day restrict for including funds to your UPI Lite account is INR 4000.

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