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.