Everything NRIs Need to Know About Using UPI for Digital Payments in India

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Unified Payments Interface (UPI) has made digital payments easier and faster for everyone, including Non-Resident Indians (NRIs). However, there are certain things that NRIs need to keep in mind before using UPI.

To use UPI, NRIs need to have an Indian mobile number registered with their bank account. Additionally, their bank account should be linked to their Aadhaar card or PAN card. This is necessary to complete the Know Your Customer (KYC) process, which is mandatory for all UPI users.

NRIs can use UPI to make payments to Indian residents and businesses, and also to other NRIs who have a UPI ID. To make a payment, they need to download a UPI-enabled mobile app and create a UPI ID, which is a unique identifier for their bank account. They can then link their bank account to their UPI ID and start making payments.

However, NRIs need to keep in mind that there are certain limits on the amount they can transfer through UPI. For example, they can transfer up to Rs 1 lakh per day using UPI, and up to Rs 2 lakh per day using UPI 2.0. Additionally, some UPI apps may have their own transaction limits, so NRIs should check with their bank or the app provider for details.

In conclusion, NRIs can use UPI to make digital payments in India, but they need to ensure that their bank account is linked to their Aadhaar or PAN card, and that they are aware of the transaction limits.

PhonePe Introduces UPI Lite Support for Hassle-Free Payments Without a PIN

PhonePe, the popular digital payments platform in India, has introduced UPI Lite support, enabling users to make payments without the need for a UPI PIN. This move is aimed at providing a more seamless and hassle-free payment experience for users.

With UPI Lite, PhonePe users can now make payments up to Rs 5,000 per day without entering their UPI PIN. This feature will be particularly useful for those who find it difficult to remember their UPI PIN or those who frequently make small payments.

To use this feature, users need to set up a transaction limit for UPI Lite payments in the PhonePe app. The transaction limit can be set between Rs 1 and Rs 5,000. Once the limit is set, users can make payments up to the limit without the need for a UPI PIN.

PhonePe is one of the most popular digital payments platforms in India, with over 350 million registered users. The platform supports various payment modes, including UPI, debit cards, credit cards, and wallets.

The introduction of UPI Lite support is expected to further enhance the user experience on the platform, making it more convenient and user-friendly. This move also aligns with the Indian government’s push for digital payments and cashless transactions.