New UPI Lite feature! Soon your UPI Lite balance will be topped up automatically - here’s how it will work

Quick Summary:

This aims to streamline small-value transactions.

NPCI has also mandated that UPI apps incorporate the necessary features and user interface to facilitate auto top-up on UPI Lite.

Whenever the UPI Lite balance falls below this set amount, the account will be automatically replenished with a predetermined sum from the user's linked bank account.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: NPCI UPI Lite Upi UPI apps UPI payments Business news Phonepe Digital wallet Google pay

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 15:31:26 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 878 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22564478

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 30 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #28

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