What Is UPI Lite X, Announced By RBI Governor, And How Does It Differ From UPI & UPI Lite?

Last year, NPCI introduced UPI Lite, a method for sending or receiving payments of up to Rs 200, which has now been increased to Rs 500, in real-time without requiring a UPI pin. They can now send or receive small denomination amounts through UPI lite by adding the funds to an on-device UPI wallet.