Cheer for UPI Lite customers! RBI announces introduction of auto-replenishment of UPI Lite Wallet


UPI Lite was launched in September 2022 to allow small worth funds.

Cheer for UPI Lite customers! The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday introduced new measures for UPI Lite customers. The announcement was made as an element of the RBI’s Monetary Policy Statement. According to the brand new measures, customers of UPI Lite can now auto replenish their UPI Lite Wallet utilizing the e-mandate framework.
Making the announcement, Shaktikanta Das stated, “UPI Lite was introduced in September 2022 to enable small value payments in a quick and seamless manner through an on-device wallet.To encourage wider adoption of UPI Lite, it is now proposed to bring it under the e-mandate framework by introducing a facility for customers to automatically replenish their UPI Lite wallets if the balance goes below the threshold limit set by them.” “This will further enhance the ease of making small value digital payments,” he stated.
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Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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