technology medium true/false

UPI Lite enables small-value transactions without entering UPI PIN for faster checkout.

  1. True
  2. False

Answer: True

UPI Lite is an on-device wallet for small transactions (up to ₹500 per transaction, ₹4000 daily balance). Allows PIN-less payments for quick checkout at merchants, reducing dependency on bank server availability. Balance is loaded from linked bank account; ideal for transit, food, and micro-payments.

Topic Digital Payments
Exam Relevance Banking, SSC, Railway

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