RBI introduces automatic replenishment for UPI Lite wallets, promoting small-value digital payments.

The Reserve Bank of India (RBI) has introduced an automatic replenishment facility for UPI Lite wallets, aiming to promote small-value digital payments. UPI Lite, which allows customers to make quick, small transactions through an on-device wallet, will now operate under the e-mandate framework, enabling automatic refilling of balances if they fall below the user-set threshold. This move is intended to enhance the ease of making small-value digital payments.