National Payments Corporation of India (NPCI) designed the “UPI Lite – On-Device wallet” (“UPI Lite”) functionality for UPI users for small value transactions. About 75% of the total volume of retail transactions (including cash) in India are below Rs 100 transaction value. Further, 50% of the total UPI transactions are having a transaction value of up to Rs 200/-. To easily process such small value transactions, NPCI has launched this facility of “UPI Lite”.
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