New Google Pay feature allows users to pay without UPI PIN for small transactions
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Google's payment app Google Pay on Thursday introduced UPI LITE on its platform to ease small digital transactions.UPI Lite allows users to load up to ₹4,000 in a day for instant transactions limited to ₹200 at one go, the search engine giant said. Designed by the National Payments Corporation of India (NPCI), it allows small transactions without the need for entering their UPI PIN. According to the company, UPI LITE accounts are linked to user's bank accounts but do not rely real-time on the issuing bank's core banking system, resulting in higher payment success rates even during peak transaction hours, and a less cluttered bank passbook.Users can activate the feature by logging into their Google Pay app and accessing their profile page, after which they must tap on "activate ...