UPI Lite Wallet For Offline Transactions UPI on RuPay Credit Cards

UPI Lite Launched for Offline Transactions UPI on Rupay CC

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UPI Lite is an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs. 200 without using a UPI PIN.

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With UPI Lite enabled on the BHIM app, users will be able to make small-value transactions in a near-offline mode, the NPCI stated in a press release Tuesday.

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With UPI Lite enabled on the BHIM app, users will be able to make small-value transactions in a near-offline mode, the NPCI stated in a press release Tuesday.

[{"selector":"#anim-10951380-087a-4d63-95e1-3961a9d1792b","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-18832379-c8cd-4aaf-996e-2a7998869efd","keyframes":{"transform":["translate3d(-116.44736%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-203aa3c0-9195-4765-83aa-25e2cc4fbdec","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e438891c-0944-4991-8c01-046d73ee5582","keyframes":{"transform":["translate3d(-116.11842%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

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.

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The transactions may be allowed in offline mode, while crediting the account may need online connection for the initial phase.

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As NPCI briefed earlier, the total limit of balance for the on-device wallet can be of up to Rs. 2,000.

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It is to be noted that UPI Lite will be giving tough competition to current online mobile wallets like Paytm and MobiKwik.

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It is to be noted that UPI Lite will be giving tough competition to current online mobile wallets like Paytm and MobiKwik.

[{"selector":"#anim-ce3ec0d3-b7f3-456c-8f8f-82bb8760c2cf","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cddb54a4-b161-4c8a-9756-2b7cc4d18a66","keyframes":{"transform":["translate3d(-116.44736%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4073853c-f3c8-44a2-88af-4121d7afdf2f","keyframes":{"opacity":[0,1]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98472cc9-53bd-4df4-8456-90ad54350f0c","keyframes":{"transform":["translate3d(-116.11842%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The initial phase may see debit payments in offline mode, while crediting the account will be possible only when online. However, all the UPI transactions may later transition in complete offline mode.

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Most importantly, users can decide to disable UPI Lite services at any point of time from their UPI apps. In such case, the balance fund in the on-device wallet will be refunded to the user account in real time.

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UPI Lite Launched for Offline Transactions UPI on Rupay CC

UPI Lite is an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs. 200 without using a UPI PIN.

What is UPI Lite?

With UPI Lite enabled on the BHIM app, users will be able to make small-value transactions in a near-offline mode, the NPCI stated in a press release Tuesday.

What is UPI Lite?

With UPI Lite enabled on the BHIM app, users will be able to make small-value transactions in a near-offline mode, the NPCI stated in a press release Tuesday.

What is UPI Lite?

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.

Launched By

The transactions may be allowed in offline mode, while crediting the account may need online connection for the initial phase.

Initial Phase

As NPCI briefed earlier, the total limit of balance for the on-device wallet can be of up to Rs. 2,000.

Brief

It is to be noted that UPI Lite will be giving tough competition to current online mobile wallets like Paytm and MobiKwik.

Competitors

It is to be noted that UPI Lite will be giving tough competition to current online mobile wallets like Paytm and MobiKwik.

Competitors

The initial phase may see debit payments in offline mode, while crediting the account will be possible only when online. However, all the UPI transactions may later transition in complete offline mode.

Current Process

Most importantly, users can decide to disable UPI Lite services at any point of time from their UPI apps. In such case, the balance fund in the on-device wallet will be refunded to the user account in real time.

Enable/Disable Possible