In India, Google Pay receives UPI LITE support to enable pin-free payments: how it works

UPI Lite for Google Pay, which enables customers to conduct one-click payments without inputting their UPI PIN, has been released by Google in India.

For those who are unaware, UPI Lite is an effort of the RBI and NPCI that links a user’s LITE account to their bank account without using the main banking system in order to lessen dependence on the issuing bank. This implies that even during times of high transaction volume, when standard UPI often has outages owing to a heavy demand on bank servers, UPI Lite has a greater success rate.

Users of UPI Lite may transact up to Rs 4000 per day. Users may make payments of up to Rs 200 each transaction using the loaded amount from the account, which can be loaded twice daily with a maximum of Rs 2000.

UPI Lite also keeps your passbook and bank statements organized, which is another perk. It might be challenging to cope with bank statements that are often filled with little transactions. While the money you placed into your UPI Lite account will be visible, UPI Lite transactions do not display in your bank passbook. As a result, if you contributed Rs. 1000, that sum will appear in your bank. However, your UPI Lite account still has a record of the little transactions you carried out with it.

How to Make Google Pay Support UPI Lite

Users of the Google Pay app may go their profile page and click to enable UPI Lite.
Users will be able to contribute money to their UPI LITE accounts up to INR 2000 when the connection procedure is complete, with a daily cap of INR 4000.
For transactions with a value of less than Rs 200 and subject to UPI Lite balance, the UPI Lite account will automatically be chosen.
Users must press “Pay PIN-Free” in order to finish the transaction.

UPI Lite is currently supported by 15 banks, including AU Small Finance Bank, Axis Bank Ltd, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank Ltd, ICICI Bank, Indian Bank, Kotak Mahindra Bank, Paytm Payments Bank, Punjab and Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, Union Bank of India, and Utkarsh Small Finance Bank Ltd.