Daily Current Affairs on Google Pay introduces UPI Lite for UPSC EPFO Exam Preparation

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Google Pay introduces UPI Lite

Google Pay UPI Lite:  UPI Lite is a digital payment service designed by the National Payments Corporation of India (NPCI). It was launched by the Reserve Bank of India (RBI) in September 2022. 

  • Google Pay UPI Lite: Unified Payments Interface (UPI) is quite popular these days in India and the number of transactions per day is in billions. Considering this, Google Pay - the payment app by Google - has introduced UPI Lite.
  • This feature will not just make small digital transactions easier but faster as well. 
  • The main purpose of launching UPI Lite was to make money transfer of amount less than Rs 200 more easy. One can transfer any amount less than Rs 200 with just a tap. It means that you will not need to enter your PIN for these transactions. 

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