UPI Lite: Instant Small Spends
Tired of entering your PIN for every small purchase? UPI Lite is designed to streamline these everyday transactions. Imagine it as a digital mini-wallet
within your UPI app. You can load a small amount from your linked bank account, up to Rs 2,000 in total, and then use this balance for quick payments without the need for a PIN. This is perfect for buying a coffee, grabbing a snack, or paying for an auto-rickshaw ride. Each transaction using UPI Lite can be up to Rs 500, significantly speeding up the payment process and reducing friction for frequent, low-value expenditures.
Tap & Pay Convenience
Moving beyond the traditional QR code scan, the Tap & Pay feature offers an even more seamless payment experience. This functionality leverages Near Field Communication (NFC) technology, allowing you to simply tap your smartphone near a merchant's payment device to complete a transaction. It eliminates the need to open your app and scan anything at all, making it incredibly convenient for on-the-go purchases. For security, transactions exceeding a certain amount will still require your PIN, ensuring that while speed is enhanced, safety is not compromised. This feature is particularly beneficial for quick, everyday merchant payments.
Credit on UPI
Ever found yourself in a situation where you need to make a payment but your bank account balance is running low? UPI now offers a solution with its 'Credit on UPI' feature. This allows you to utilize pre-approved credit lines from your bank to complete transactions directly within your UPI app, eliminating the need to switch to alternative payment methods or delay the payment. It’s a smart way to ensure you can always complete your purchases, especially for merchant payments, provided your bank offers and approves this facility based on your creditworthiness.
Global UPI Reach
The convenience of UPI is no longer confined to India. With UPI International, you can now use your UPI app to make payments in select countries abroad. This expansion has been facilitated through strategic partnerships with local payment networks in destinations like Singapore, the UAE, and France. For frequent travelers, this means you can potentially rely on your familiar UPI payment method instead of exchanging currency or managing multiple foreign cards, making international transactions simpler and more convenient when visiting these participating locations.
