The function is designed to handle transactions worth under Rs 200. People will initially only be able to make payments; money transfers won’t be possible. UPI Lite Phase-2 will be introduced in the future to handle credit transactions as well. We have mentioned steps below to Use UPI Lite on Smartphone
Steps to Use UPI Lite on Smartphone
Final Words
We hope like our article on how to Use UPI Lite on Smartphone. In order to make Transactions using UPI Lite on the BHIM App, the service will have UPI Lite balance, which is the virtual “on-device” balance enabled by the User from the Account. 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 will be able to use the UPI Lite payment system.
