UPI Lite to let you make payment without PIN or Password now: Know-how

A new rule of UPI has been implemented to make small payments easily, without any Password or PIN. Users could use the UPI Lite app to do the needful. Here is everything you need to know about the new rule.

UPI payments, a cashless mode of payment via an application from your smartphone has changed its rules from November 1 (2024). The NPCI will make two important changes in UPI Lite from November 1 onwards, which will benefit the users of popular payment gateways- Google Pay, PhonePe and Paytm. 

The users will be able to make more payments through UPI Lite than ever before. As per the reports, the RBI has increased the transaction limit of UPI Lite. Also, when the balance of UPI Lite is said to be less than a fixed limit, the user's account will be automatically auto-topped up. 

By doing this, payment could be made ...