Key Points:
- It is officially announced that UPI Lite will be supporting offline payments via NFC.
- The AI-powered system is also introduced to complete your transactions using your voice.
- UPI Lite limit is also increased to Rs 500.
UPI is now become a very important method of payment in the country and the same enables users to complete payment procedures quickly as well. Today RBI has announced a massive upgrade on the same and that brings lots of new capabilities. The update is also reflected in the UPI Lite which was announced last year. So without making any further delay let’s get into the article to check out the newly announced capabilities of the very popular payment method.
Upgrades of UPI Lite
It is officially announced that the limit of the same is increased from Rs 200 to Rs 500 and it will not be recording your transactions if you are paying under Rs 500.
AI power in UPI
It is also announced that ‘Conversation Payments’ technology will be available for users and the same will enable you to talk with AI powered system to start and complete the payment. There is no more information about the technology at the moment of time but you believe to hear more about the same in the coming days. The upcoming set up is pretty exciting and I am very much interested in learning more about the same. The voice controlling set up will help you to do the job quickly and it will also disabled people as well.
NFC Support for UPI
It is also announced that offline payments can be done using Near Field Communication (NFC) and this feature will help you to make payments in the area where you have connectivity problem.
So what are your thoughts on the new upgrades? Do let us know in the comments section below and stay tuned with us for more updates from the world of technology.
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