Latest news with #UPILite
Mint
6 days ago
- Business
- Mint
SBI UPI services to be temporarily unavailable on THIS day. Check timings
State Bank of India (SBI) has announced a scheduled maintenance activity which will cause a brief disruption in Unified Payment Interface (UPI) services on August 6, 2025. SBI has informed that its UPI services will not be available for 20 minutes from 1:00 am to 1:20 am on August 6, 2025, due to the scheduled maintenance. The bank's official notice on X (formerly Twitter) read, 'Due to scheduled maintenance activity, SBI UPI services will be temporarily unavailable from 01:00 hrs to 01:20 hrs on 06.08.2025 (IST)." The bank further added, "Customers may continue to use UPI Lite Services for uninterrupted service. We regret the inconvenience caused to our customers.' The public sector bank has advised customers to use UPI Lite for continued digital transactions during the downtime. UPI Lite will remain fully functional even when the main UPI channel is under maintenance, as conveyed by the bank. UPI Lite is designed for small-value transactions, acting as an on-device wallet for faster payments. It allows users to make payments without entering a UPI PIN, particularly useful for low-value transactions and in areas with poor network connectivity. Follow these steps to enable UPI Lite on your mobile: Open your UPI App (Google Pay, PhonePe, or Paytm) Click on the home screen of the App to get the option of enabling UPI Lite. After reading the terms and conditions, enter the amount to add in UPI Lite and select the linked SBI bank account. Insert your UPI pin and UPI Lite will be enabled successfully.
Time of India
7 days ago
- Business
- Time of India
SBI UPI services to be temporarily unavailable on August 6, 2025: Check time, alternatives
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads What is UPI Lite? What is the transaction limit on UPI Lite ? How to enable UPI Lite in SBI What are the benefits of UPI Lite? How can customers load UPI Lite? The State Bank of India (SBI) has announced a scheduled maintenance activity that will lead to a brief disruption in Unified Payment Interface (UPI) services on August 6, 2025 for a certain Bank of India (SBI) has informed that its UPI services will not be available for 20 minutes from 1:00 AM to 1:20 AM on August 6, 2025, due to scheduled maintenance. During this time, customers can still use UPI Lite for making to SBI's official notice on social media X, 'Due to scheduled maintenance activity, SBI UPI services will be temporarily unavailable from 01:00 hrs to 01:20 hrs on 06.08.2025 (IST). Customers may continue to use UPI Lite Services for uninterrupted service. We regret the inconvenience caused to our customers.'To ensure continued digital payment support during the downtime, SBI has advised customers to use UPI Lite, which remains fully functional even when the main UPI channel is under Lite allows users to make small-value payments without needing real-time bank processing. It's ideal for low-ticket transactions like groceries, transit fares, or tea/coffee December 2024, the Reserve Bank of India (RBI) hiked the per-transaction limits on UPI Lite from Rs 500 to Rs 1,000. The overall wallet limit of UPI Lite has also been raised from Rs 2,000 to Rs 5, that UPI Lite balance should be treated equivalent to cash and the user will be responsible for the balance loaded in the Lite account. In case the user changes the mobile device, the user should disable the Lite account from the old mobile device & then enable a new LITE account on the new mobile 1: Open his/her UPI App (UPI app like Google Pay, PhonePe, or Paytm)Step 2: On the home screen of the App, users will get the option to enable UPI Lite. Click on the optionStep 3: User reads and accepts the terms & conditionsStep 4: User enters the amount to add in UPI LITE and select the SBI bank 5: User enters UPI PINUPI Lite enabled successfully!UPI Lite provides round-the-clock availability for customers, better small-value payment management, and is also convenient to track. Single-click payments are possible using UPI Lite, and customers can manage their spends with daily limits and there is no worry of hiding UPI pin in crowded places for small-value customer can add funds at any point of time by adding funds to UPI Lite from the UPI app where they have app will provide an option to top up/add funds to an active UPI Lite account
Time of India
21-07-2025
- Business
- Time of India
SBI announces scheduled downtime for UPI users on July 22, 2025: Check timing and other details
Synopsis State Bank of India (SBI) has announced scheduled maintenance for its UPI services on July 22, 2025, causing temporary unavailability from 00:15 hrs to 01:00 hrs IST. Customers can use UPI Lite for uninterrupted transactions during this period.
Mint
18-06-2025
- Business
- Mint
Nirmala Sitharaman urges fintechs to tap rural markets, strengthen cybersecurity
Finance Minister Nirmala Sitharaman on Wednesday urged the fintech industry to shift its focus beyond urban markets and lead the next wave of innovation in rural and agricultural sectors, calling it both a business opportunity and a developmental imperative. Speaking at the Digital Payments Awards 2025, Sitharaman called for a sharper push to integrate micro, small, and medium enterprises (MSMEs) with account aggregator frameworks and emphasized the need for tailored financial products for farmers and rural consumers. 'Every fintech firm should view rural India as a fertile ground, not just as a social responsibility, but as an opportunity to create new markets,' she said, adding that consumer demand in rural areas has shown strong and sustained revival. Drawing parallels with the fast-moving consumer goods sector, the minister highlighted how deep rural penetration has become a core growth strategy for many leading brands, a model she said fintech should replicate. Sitharaman also flagged key risks looming over India's expanding digital economy, urging startups and payment firms to invest more aggressively in digital literacy and cybersecurity. 'Literacy has to be improved upon. Cybersecurity is a case in which I had interaction with a few startups and fintech companies,' she said, warning against growing threats such as deepfakes and digital fraud. 'We need a set of fintech companies which are constantly working on giving solutions for the newer challenges which are arising,' she added. The minister recounted recent discussions with startups and fintech leaders, underlining the importance of ensuring that ordinary users are not 'digitally arrested at home' by malicious actors or deceptive platforms. Financial services secretary M. Nagaraju outlined the next phase of India's digital payments journey, stressing the need to deepen adoption across sectors and geographies, particularly in underserved regions. 'Our priorities must include deepening digital payment adoption across sectors and geographies,' Nagaraj said at the event. At the same time, we must strengthen cybersecurity and fraud prevention frameworks, and promote digital and financial literacy at the grassroots, he added. The remarks come as India's UPI-led digital payments infrastructure, hailed globally for its scale and efficiency, enters a new chapter of expansion, pushing beyond urban centres and into rural economies. In March 2024, the Union cabinet approved a ₹ 1,500 crore incentive scheme to promote small-ticket transactions on the BHIM-UPI platform, particularly among small merchants to spur usage in semi-urban and rural India, by expanding infrastructure through tools such as UPI 123PAY for feature phones. It has also rolled out newer solutions like UPI Lite and LiteX for faster and more reliable payments in low-connectivity environments. Lauding the role of digital companies in the cashless transition, Nagaraj said their contributions were about more than just facilitating transactions. 'Your work is not just about enabling payments, it is about enabling possibilities,' he said. 'You are helping build a financial system that is more modern, inclusive, and globally admired," he added. In recent years, India has emerged as a global leader in digital payments, with monthly UPI transactions crossing 14 billion in 2025. However, challenges remain, particularly around digital literacy, user safety, and ecosystem resilience.
Hindustan Times
17-06-2025
- Business
- Hindustan Times
UPI improved: What changes did NPCI roll out to boost payment experience?
Unified Payments Interface(UPI) payments have been optimised with fast transactions and balance checks, the National Payments Corporation of India (NPCI), the body that manages UPI operations, said. Reversals are now being processed in just 10 to 15 seconds, which is a significantly lower wait time compared to before. The decision comes in the light of NPCI's nudge to improve user experience on the country's most widely used digital payments platform. As a part of another simultaneous change by NPCI, users can now use UPI to check their bank balance up to 50 times a day. Earlier, there was no limit on the number of balance checks. The new cap is designed to improve system efficiency and reduce unnecessary load on the network, an expert said, quoted by PTI. The time taken to load the status of a transaction or redo a failed transaction has also been decreased. Earlier, if a payment didn't turn out to be successful, the user needed to wait for up to 30 seconds or more to check whether the money was debited or returned. With the latest change by NPCI, this process will be done in just 10 seconds, so that the user can be sure about the failure or success of the transaction in the minimum time. UPI is a digital payment interface developed by NPCI to ease bank transactions digitally, through mobile phones. These changes are functional on popular payment apps like PhonePe, Google Pay, Paytm, and other UPI platforms. As a part of an earlier change facilitated on Jun 8, NPCI had optimised UPI Lite, which is a simplified version of UPI, designed for low-value transactions and without a UPI PIN for those under a certain amount. According to the change starting June 8, UPI_NPCI's X handle posted an announcement saying UPI Lite users could make payments up to ₹1,000 without a PIN. 'Plus, with a UPI Lite balance limit of ₹5,000, you can power through more payments with ease,' it added.
