Google Pay Introduces UPI LITE For Pin-free Payments In India

Google Pay in India has introduced UPI Lite, enabling users to effortlessly make payments with a single click, eliminating the need to enter their UPI PIN.

For the uninitiated, UPI Lite is an RBI and NPCI initiative where the user’s LITE account is linked to their bank account, but does not use the core banking system to reduce dependency on the issuing bank. This means UPI Lite has a higher success rate even during peak transaction times – when traditional UPI often degrades due to increased load on banks’ servers.

UPI Lite users can make transactions up to Rs 4,000 per day. The account can be loaded up to Rs 2000 twice a day and per transaction users can make payments up to Rs 200 using the loaded amount.

Another advantage of UPI Lite is that it keeps your books and bank statements clear. We often have to deal with bank statements full of small transactions, which can be confusing. UPI Lite transactions will not appear in your passbook, but the amount you have loaded into your UPI Lite account will. So if you added Rs 1000 then the amount will show in your bank. However, you will still see the small transactions you have done in your UPI Lite account.

How to Enable UPI Lite in Google Pay

• Google Pay users can go to their profile page and tap to activate UPI Lite.
• Once the linking process is complete, users can add funds up to INR 2,000 to their UPI LITE account with a daily maximum limit of Rs 4,000.
• UPI Lite account will be selected by default if UPI Lite balance and transaction values are less than Rs.200.
• To complete the transaction, users need to tap on “Pay without PIN”.

UPI Lite is currently supported by 15 banks including AU Small Finance Bank, Axis Bank Ltd, Canara Bank, Central Bank Of India, Federal Bank, HDFC Bank Ltd, ICICI Bank, Indian Bank, Kotak Mahindra Bank, Paytm Payments Bank, Punjab and Sind Bank, Punjab National Bank, State Bank Of India, UCO Bank, Union Bank of India, Utkarsh Small Finance Bank Ltd.