UPI Lite X: what Its Features, Limits, and Benefits

Learn What is UPI Lite X, its transaction limits, features, benefits, and how it enhances digital payments.
UPI Lite X: what Its Features, Limits, and Benefits
SET UP UPI
5 mins
7 Nov 2024
UPI Lite X is a new feature launched by the Reserve Bank of India that enables offline transactions. It allows users to send and receive money without needing an internet connection. By utilising Near Field Communication (NFC) technology, UPI Lite X facilitates quick payments between on-device wallets.

This feature is particularly useful in areas with poor connectivity, such as underground stations or remote locations. UPI Lite X enhances the existing UPI framework, making digital payments more accessible and efficient for users. It is designed for seamless transactions, ensuring convenience in everyday financial activities.

Key features and benefits of UPI Lite X

UPI Lite X is an innovative payment solution designed to enhance the user experience in digital transactions. Here are its key features and benefits:

  • Instant transactions: UPI Lite X allows for quick payments without the need for entering a PIN, making it ideal for small transactions.
  • Offline capability: Users can conduct transactions even without internet access, which is beneficial in areas with poor connectivity.
  • Increased limits: It supports higher transaction limits compared to traditional UPI, accommodating larger payments seamlessly.
  • User-friendly interface: The design is simple and intuitive, making it accessible for all users, including those new to digital payments.
  • Enhanced security: It incorporates robust security measures to protect user data and prevent fraud, ensuring safe transactions.
These features make UPI Lite X a convenient choice for everyday transactions, promoting financial inclusion.

How to use UPI Lite X for transactions

Using UPI Lite X for transactions is straightforward. Follow these steps:

1. Download the app: Ensure you have a UPI-enabled app that supports UPI Lite X.

2. Register your account: Link your bank account and complete the registration process.

3. Enable UPI Lite X: Activate the UPI Lite X feature within the app settings.

4. Select payment option: Choose UPI Lite X when making a payment.

5. Enter amount: Specify the amount you wish to pay.

6. Confirm transaction: Review the details and confirm the transaction without needing a PIN for small amounts.

This process allows users to make quick and efficient payments, enhancing their overall experience.

How is UPI LITE X different from UPI and UPI LITE?

UPI Lite X differs from traditional UPI and UPI Lite in several ways:

  • Transaction limits: UPI Lite X allows higher transaction limits compared to standard UPI, which is typically capped at ₹2,000 per transaction.
  • PIN requirement: Unlike standard UPI, which requires a PIN for every transaction, UPI Lite X eliminates this requirement for small payments, streamlining the process.
  • Offline functionality: UPI Lite X can operate without internet connectivity, whereas traditional UPI requires an active internet connection.
  • User experience: The interface of UPI Lite X is optimized for ease of use, catering especially to users who may find traditional methods cumbersome.
These distinctions make UPI Lite X a more flexible and user-friendly option for digital payments.

Conclusion

In conclusion, UPI Lite X represents a significant advancement in digital payments. Its features, such as instant transactions and offline capability, cater to the needs of modern users. By eliminating the PIN requirement for small payments, it enhances convenience and speed. The higher transaction limits further differentiate it from traditional UPI and UPI Lite.

As more people adopt this innovative solution, it promises to simplify everyday transactions and promote financial inclusion. Overall, UPI Lite X is poised to transform the way we conduct payments, making them faster and more accessible for everyone.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

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Frequently asked questions

What is UPI Lite X, and how does it work?
UPI Lite X is an advanced payment feature that enables users to send and receive money without internet access. It utilizes Near Field Communication (NFC) technology for transactions between on-device wallets. Users can add funds from their bank accounts to their UPI Lite X wallet for seamless payments.

What are the transaction limits for UPI Lite X?
The transaction limit for UPI Lite X is ₹500 per transaction. Users can maintain a maximum balance of ₹2,000 in their wallet. Additionally, they can add up to ₹2,000 twice a day, allowing a total daily usage limit of ₹4,000.

How does UPI Lite X differ from regular UPI transactions?
UPI Lite X differs from regular UPI transactions by enabling payments without internet access and using NFC technology for direct wallet-to-wallet transfers. Unlike standard UPI, which requires internet connectivity and PIN entry, UPI Lite X simplifies small-value transactions and enhances accessibility in low-connectivity areas.

How do I enable UPI Lite X on my Android device?
To enable UPI Lite X on your Android device, follow these steps: First, ensure you have the latest version of the BHIM app and that your device supports NFC. Open the BHIM app and navigate to the ‘UPI Lite X Balance’ menu. Tap the ‘Enable’ button, grant permission for offline transactions, and add funds to your UPI Lite wallet. Finally, enter your UPI PIN to activate the feature. Once set up, you can start using UPI Lite X for transactions without needing an internet connection.

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