UPI Lite is a new version of UPI that is designed for low-value transactions. Initially, only payments will be possible; money transfers will not be possible at this time. UPI Lite Phase-2 will be introduced in the future to handle credit transactions as well. Here are some steps to use UPI Lite on your smartphone: ..
Steps to Use UPI Lite on Smartphone
The BHIM app is a mobile application that allows users to easily manage their bank accounts and transactions. It is available for Android and iOS devices. ..
You can sign in or register with your bank details and add a bank account for UPI transactions. ..
If you’re using an iPhone or iPad, look for the “UPI Lite” banner on the home screen. ..
Enable now to start the process of disabling your computer’s security features.
Next, read the details and click the “Next” button three times. Then, click “Enable Now”.
To add up to 2,000 rupees to your UPI Lite wallet, you will need to input your bank account number and amount.
Enter the amount (max Rs 2,000).
If you have more than one bank account, you need to choose which one you want to use for your bitcoin transactions. ..
Activate UPI Lite and add your UPI PIN. Once the amount is successfully added, UPI Lite will be activated and the money will be added to your Lite wallet.
Final Words
UPI Lite is a new payment system that will be available to customers of the State Bank of India (SBI), Union Bank of India, Utkarsh Small Finance Bank, Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, and Punjab National Bank. The UPI Lite balance will be enabled by the User from the Account and transactions will be possible using UPI Lite without having to use the traditional bank cards or mobile wallets.
