Know Everything About UPI Lite X ?

UPI Lite introduced by NPCI for small payments, raised limit to Rs 500 without needing a UPI pin.

RBI Governor Shaktikanta Das unveiled UPI Lite X during the Global Fintech Fest 2023.

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UPI Lite X facilitates transactions between merchants and customers, even when offline.

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UPI has become a popular payment method in India for its convenience and cost-effectiveness.

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UPI Lite X aims to address areas with poor connectivity, allowing offline transactions

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Users can send and receive money in areas with limited connectivity, like underground stations, using UPI Lite X.

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UPI Lite X utilizes Near Field Communication (NFC) for transactions.

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Payments occur within on-device wallets, bypassing the need for bank accounts.

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UPI Lite X promises to revolutionize digital payments in India, especially in areas with limited connectivity.

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