WhatsApp is set to transform digital payments in India by adding UPI Lite capability to its app. This step, in the wake of NPCI eliminating user onboarding restrictions for WhatsApp Pay, will enable the app's massive user base to make instant, low-value transactions offline.
Key aspects of UPI Lite on WhatsApp :
Up to ₹500 transactions
₹4,000 daily limit
₹2,000 maximum balance
From April 1, 2025, users will also be able to withdraw money from their UPI Lite accounts without turning off the feature, solving a big user pain point.
The integration is likely to greatly enhance WhatsApp's presence in India's competitive digital payments market, threatening to upend established players such as Google Pay and PhonePe.
Source: The Economic Times