India raises UPI Lite wallet limit to 5,000 rupees, aiming to boost offline mobile payments.

The Reserve Bank of India has increased the UPI Lite wallet limit to ₹5,000 and the per-transaction limit to ₹1,000 to promote the use of instant mobile payments. UPI Lite allows offline transactions without the need for additional authentication or real-time alerts. The move aims to facilitate small-value digital payments in offline modes, enhancing user convenience and digital financial inclusivity.

4 months ago
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