Soumya Prakash Pradhan

India has the most UPI users in the world, making it a popular payment method across the country. Recently, RBI governor Shaktikanta Das introduced a new feature called UPI Lite X to make payments more convenient.

This feature allows people to send and receive money even when they have no internet connection. UPI Lite X lets users perform transactions in places with no connectivity, such as underground stations and remote areas.

Here's how UPI Lite X differs from UPI and UPI Lite:

1. UPI Lite is a payment solution that uses the NPCI Common Library (CL) app for low-value transactions. UPI, on the other hand, is a 24x7 instant payment system that allows real-time money transfers between two bank accounts.

2. When using UPI or UPI Lite, the recipient doesn't need to be physically present and can accept funds from anywhere in the country. Transactions can be completed by scanning a QR code or using the recipient's UPI ID or linked phone number.

3. In contrast, UPI Lite X transactions require both the sender's and the receiver's devices to be nearby. These transactions use NFC to transfer money between on-device wallets, eliminating the need for internet access. The maximum daily limit for UPI Lite X transactions is Rs 4,000, and there is no specific transaction limit announced yet.