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in Tech

UPI Lite Launched for Offline Transactions Under Rs. 200: Details

by Editor September 21, 2022, 4:32 pm 1.4k Views

UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments

The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payments. To recall, UPI Lite’s debut in India was announced in March by the National Payments…

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