Know All About UPI Lite 

Learn about UPI Lite and the differences between UPI and UPI Lite.
Know All About UPI Lite 
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3 min
25 April 2024

What is UPI Lite?

Imagine a simplified version of UPI designed specifically for small, everyday payments. UPI Lite acts like an on-device wallet within your existing UPI app. It allows you to make quick and hassle-free transactions without needing an internet connection, making it perfect for situations where Wi-Fi or mobile data might be unavailable.

Difference Between UPI Lite and UPI

Here is a quick comparison to understand the key differences between UPI and UPI Lite:

Feature

UPI

UPI Lite

Transaction Limit

Up to Rs. 1 lakh per day

Up to Rs. 4,000 per day (with a maximum balance of Rs. 2,000)

Internet Requirement

Required for most transactions

Works offline (no internet needed)

UPI PIN

Required for every transaction

Not required for UPI Lite transactions (up to Rs. 500)


Think of UPI Lite as your pocket-sized payment companion for small purchases. Whether you are buying groceries, paying for public transport, or splitting the bill with friends, UPI Lite offers a convenient and secure way to make on-the-go payments, even when offline.

Bajaj Finserv BBPS is a trusted platform for making bill payments online, with the added convenience of UPI payments. The platform supports a wide range of billers, including utilities, insurance, and education, among others, making it a one-stop solution for all your payment needs. With UPI integration, you can enjoy quick and secure transactions, making it easier to manage your bills and subscriptions.

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.

Frequently asked questions

What is the UPI Lite?

UPI Lite is a simplified version of UPI that allows for offline, small-value transactions using an on-device wallet.

Can UPI Lite work without the internet?

Absolutely! This is a major advantage of UPI Lite. It functions offline, making it ideal for situations where internet connectivity is limited.

How safe is UPI Lite?

UPI Lite leverages the security protocols of your existing UPI app. While you do not need a UPI PIN for transactions under Rs. 500, larger transactions or adding funds to your UPI Lite wallet still require PIN verification.

How do I register for UPI Lite in Bajaj Finserv BBPS?

Important Note: Currently, UPI Lite registration might not be directly available within the Bajaj Finserv BBPS platform. However, you can still benefit from UPI Lite!

Here's how:

  1. Check your UPI app: The availability of UPI Lite depends on your specific UPI app provider
  2. Register for UPI Lite: If your app offers UPI Lite, follow the on-screen instructions to register and activate the feature.
  3. Link your bank account: To add funds, you will need to link your bank account to your UPI Lite wallet.

Once registered, you can use UPI Lite for small, everyday payments within your existing UPI app, even when offline.

Remember, the Bajaj Finserv BBPS platform seamlessly integrates with UPI. This means you can use your UPI ID (even if it is not UPI Lite enabled) to pay various bills directly within the Bajaj Finserv app. This eliminates the need for multiple apps and simplifies your bill payment process.

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