UPI Lite

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf digital payment service
gptkbp:acceptsPaymentMethod peer-to-peer
peer-to-merchant
gptkbp:announced gptkb:Reserve_Bank_of_India
gptkbp:balanceTopUpMethod linked bank account
gptkbp:compatibleWith PIN for every transaction
internet connectivity for every transaction
gptkbp:countryOfOrigin gptkb:India
gptkbp:dailyTransactionLimit 2000 INR
gptkbp:developedBy gptkb:National_Payments_Corporation_of_India
gptkbp:enables faster payments
gptkbp:features device-level authentication
https://www.w3.org/2000/01/rdf-schema#label UPI Lite
gptkbp:launched 2022
gptkbp:maximumLoanAmount 200 INR
gptkbp:purpose small value digital transactions
gptkbp:requires UPI-enabled app
gptkbp:storesBalanceOn user's device
gptkbp:supportedBy multiple Indian banks
gptkbp:targetUser users making low-value payments
gptkbp:worksWith gptkb:UPI
gptkbp:bfsParent gptkb:UPI
gptkbp:bfsLayer 6