Now Loading

RBI Launches UPI Lite with e-Mandate for Automatic Balance Top-Up

The Reserve Bank of India (RBI) has unveiled a new feature integrating UPI Lite with the e-mandate framework, enabling automatic replenishment of UPI Lite balances. Announced by RBI Governor Shaktikanta Das, this initiative aims to enhance the convenience of small-value digital payments.

UPI Lite, which allows users to load up to Rs 2000 and make payments up to Rs 500, will now support automatic top-ups once the balance falls below a set threshold, without the need for additional authentication or pre-debit notifications, as the funds remain within the customer’s account.

Governor Das highlighted the goal of promoting seamless small-value transactions, stating, “UPI Lite, introduced in September 2022, was designed for quick and easy small payments through an on-device wallet. The new auto-replenishment feature under the e-mandate framework will further streamline this process.”

Developed by the National Payments Corporation of India (NPCI), UPI Lite is compatible with platforms such as Paytm, the BHIM app, and Google Pay. The RBI’s initiative aims to foster broader adoption and ease of use for digital transactions across the country.

Upcoming Conferences