RBI rolls out automatic wallet reload facility for UPI Lite. Here's how that works

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RBI rolls out automatic wallet reload facility for UPI Lite..

Currently, the UPI Lite wallet allows customers to load up to 2000 and make payments up to 500 per transaction..

With the new auto-replenishment feature, users won't have to manually reload their wallet each time the balance is low..

The Reserve Bank of India is introducing an auto-replenishment feature for the UPI Lite wallet under the e-mandate framework..

This new facility will allow customers to automatically reload their UPI Lite wallet when the balance falls below a certain threshold set by the user...

Full story at Business Today | 

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