What is UPI Lite?

Before we get into the steps, let’s understand what UPI Lite is. UPI Lite is a new payment solution that relies on a trusted NPCI Common Library (CL) application for low-value transactions. These transactions are PIN-free, and UPI Lite acts as a wallet where users can load a certain amount and make payments on the go. The payment limit for UPI Lite transactions is limited to ₹500 per transaction.

Benefits of UPI Lite:

1. Improved success rate for UPI transactions: UPI Lite ensures smoother transaction processing.
2. Less infrastructure load on Remitter Bank CBS: It reduces the burden on the bank’s systems.
3. Uncluttered Passbook for users: UPI Lite transactions won’t clutter your regular bank statement.
4. One-click single-factor authentication: For UPI transactions of value less than ₹500.

Things to Keep in Mind:

• Make sure the app is set up properly, and at least one supported bank account is linked.
• SMS service is necessary for receiving activation notifications.
• These transactions won’t show up in your regular bank statement.
• The transaction limit is set to ₹500.
• Wallet amount is limited to ₹2,000.
• Total amount for transactions is set to ₹4,000 in 24 hours.

Now, let’s proceed with the steps to enable UPI Lite in different UPI apps:

1. Google Pay:

1. Open the Google Pay app on your smartphone (make sure it’s updated).
2. Look for the “Activate UPI Lite” option. If you can’t find it, tap on the profile icon and search for it.
3. Tap on the option and accept the terms and conditions (if prompted).
4. Enter the amount you want to add, select your bank account, and input your UPI PIN.
5. You’ll see an “Activating UPI Lite” message on the screen, and you’ll receive an SMS once it’s done

2. Paytm:

1. Download and install the Paytm app from the Google Play Store.
2. Open the Paytm app and click on the UPI Lite icon on the homepage.
3. Choose the bank account eligible for UPI Lite.
4. Enter the amount you wish to add to activate your UPI Lite account.
5. Validate your MPIN to create your UPI Lite account

Remember, UPI Lite simplifies payments by eliminating the need for a PIN, making transactions faster and more convenient!