Bajaj Finserv’s UPI Lite is a simplified version of UPI, designed for quick, low-value transactions without needing an internet connection. It’s perfect for small payments like groceries or public transport.
Key Features
UPI Lite allows transactions up to ₹4,000 per day, with a maximum balance of ₹2,000. Payments under ₹500 don’t require a PIN, speeding up the process compared to traditional UPI, which has a daily limit of ₹1 lakh and requires a PIN for all transactions.
Getting Started
To use UPI Lite, ensure your UPI app supports it. Activate the feature by linking your bank account through the app’s instructions.
Integration with Bajaj Finserv
UPI Lite is integrated with Bajaj Finserv’s Bharat Bill Payment System (BBPS), enabling easier bill payments for utilities and insurance without internet access.
UPI Lite enhances the convenience of handling small transactions and managing bills, especially in areas with poor connectivity.