google pay gets UPI LITE for small value transactions.
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google pay gets UPI LITE for small value transactions.
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Answer:
With UPI Lite, you can make payments of up to ₹500 INR without the use of a UPI PIN on the Google Pay app. Money is deducted from your UPI Lite balance. What are the benefits of UPI Lite? Make payments without a UPI PIN: You don't need a UPI PIN when you make a payment for less than ₹500 INR.
Explanation:
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Verified answer
Yes, Google Pay has added support for UPI LITE for small value transactions. UPI LITE is a feature that allows users to make small payments without entering their UPI PIN. It is a fast and convenient way to make payments, especially for small amounts.
To use UPI LITE on Google Pay, users need to enable it in the app. Once it is enabled, users can make payments of up to Rs. 200 without entering their UPI PIN. The money for these payments is deducted from a UPI LITE balance that users can create within the app.
UPI LITE is a new feature and is currently only available on Google Pay. However, other UPI payment apps are also expected to add support for UPI LITE soon.
Here are some of the benefits of using UPI LITE:
Overall, UPI LITE is a welcome addition to the Google Pay app. It is a fast, convenient, and secure way to make small payments.