The Reserve Bank of India (RBI) has suggested a new feature allowing automatic replenishment of UPI Lite wallets to facilitate small-value digital payments. Under this proposal, users can set a threshold limit for their wallet balance, and if it falls below this, the wallet will automatically reload from the user’s account without requiring additional authentication. This feature aims to streamline offline transactions, especially in areas with limited internet connectivity. Additionally, RBI plans to extend the e-mandate framework to include recurring payments like Fastag and National Common Mobility Card (NCMC) balances, enhancing convenience for users.
RBI Proposes Auto-Replenishment for UPI Lite Wallets
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