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The following are the differences between UPI123 and UPI Lite
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Criteria |
UPI123 |
UPI Lite |
|
Device requirement |
UPI123 is introduced to serve the population without smartphones. Hence feature phones are sufficient to use UPI123 except SCAN and PAY feature. |
UPI Lite can only be used on smartphones |
|
Connectivity |
UPI123 does not require internet connectivity. The entire process can be done through normal phone calls. |
This is an offline wallet. Users can use UPI lite without the internet. |
|
Transaction limit |
There is no limit on the transaction amount. |
Users can perform low-value payments up to Rs 200 |
|
Balance limit |
UPI123 is directly linked to your bank account. There is no limit on the balances except that the minimum balance must be maintained as per your bank. |
The maximum amount that can be kept in a UPI Lite wallet at any time is Rs 2,000 |
|
How does it work? |
Payment through UPI123 is done through · Pre-defined IVR numbers · Missed call to predefined numbers · Collaboration with Original Equipment Manufacturers (OEM) to enable UPI123 · Sound-based technology
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UPI Lite is an offline on-device wallet. · Add money to the UPI Lite wallet from your bank account. · The payments (debits) are done offline and the receipts (credits) are done online.
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