New Delhi: The Reserve Bank of India (RBI) on Friday announced the introduction of the UPI LITE e-mandate to create a more seamless payment ecosystem. (UPI Lite was introduced in September 2022 to enable small value payments quickly and seamlessly through an on-device wallet.)
How will the change benefit people?
With the new facility, customers will be able to automatically replenish their UPI Lite wallets if the balance goes below the threshold limit set by them. This will further enhance the ease of making small-value digital payments.
What Is UPI LITE?
Rachi/Bhubaneswar: Odisha Governor Raghubar Das’ daughter-in-law Purnima Das Sahu has won from Jamshedpur East Assembly…
Perth: Openers Yashasvi Jaiswal (batting 90) and KL Rahul (batting 62) put up a stellar…
Boudh: In a major success in anti-naxal operation, security personnel have unearthed two Maoist dumps…
Bhubaneswar: Amid concern over eco-retreat at Pentha beach within Bhitarkanika Wildlife Sanctuary & its ecological…
Balangir: A day after being suspended, Auxiliary Nursing Midwifery (ANM) Mamata Bhoi was arrested by…
Bhubaneswar: The National Highways Authority of India (NHAI) has initiated the process for the construction…
Ranchi/Bhubaneswar: Kalpana Soren, wife of Jharkhand Mukti Morcha (JMM) leader Hemant Soren Hemant Soren, was…
Mumbai: Once dubbed as the Chanakya of Maharashtra politics, Sharad Pawar has faced a significant…