After Paytm, PhonePe goes live with UPI Lite
2023-05-04![After Paytm, PhonePe goes live with UPI Lite After Paytm, PhonePe goes live with UPI Lite](https://varindia.com/storage/news/uploads/2018/02/64537016478c0.jpg)
Digital payments platform PhonePe has announced that it has gone live with the UPI Lite feature on its app. The feature allows users to quickly initiate low-value payments under Rs 200 from their UPI Lite account without entering a PIN.
The UPI Lite service, launched by the Reserve Bank of India (RBI) in September last year is controlled by the National Payments Corporation of India (NPCI). UPI Lite is aimed at offering a better digital payments experience by enabling users to carry out small-value UPI transactions instantly. Users can load up to Rs 2,000 in their LITE account and make transactions of up to Rs 200 in one go without having to punch-in their PIN.
UPI Lite on PhonePe is supported by all major banks and is accepted at all UPI merchants and QRs across the country.
Users can activate the feature on their PhonePe app through a simple process that doesn’t involve any KYC authentication and create a UPI Lite account.
"This is a crucial step towards increasing the adoption of digital payments for users across India, further strengthening a cashless economy," said Rahul Chari, Co-founder, and Chief Technology Officer at PhonePe.
Paytm launched UPI Lite feature on its app in March this year.
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