Bank of Baroda has enabled UPI LITE - Small Value on Device Wallet. UPI LITE is a wallet that allows users to make instant, small value digital payments with only one tap without the use of a UPI PIN. UPI LITE enables customers to seamlessly make multiple, small value transactions instantly during peak hours. The maximum balance in the UPI LITE wallet at any point of time cannot exceed Rs 2,000.
To avail this service, customers need to enable UPI LITE on BHIM or any UPI LITE support app. During LITE activation, customers can fund their UPI LITE account through their UPI-linked Bank of Baroda bank account. Merchants will receive seamless instant payments from customers. Customers can use the wallet balance to make small value, cashless payments at kirana stores, pharmacies, restaurants, shops, fuel retail outlets, and more. UPI LITE will help in reducing the load on the system by processing small-value payments, improving the success rate for low value transactions and enhancing user experience.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
Company Name | CMP |
---|---|
SBI | 826.25 |
Bank Of Baroda | 278.80 |
PNB | 136.60 |
Canara Bank | 625.50 |
Union Bank Of India | 151.95 |
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