Yes, UPI Lite (local offline wallet) has a transaction limit of INR 200. Yes, 200. With a limit of 4000 per day and the Lite wallet can hold 2000 at any one time.
Good luck doing anything serious with that. Also, good luck reloading the wallet when the internet is blocked.
Note: the context of this thread was a UPI vs Cash comparison. Cash is king when the internet isn’t available. UPI Lite notwithstanding.
And for those unfamiliar with Indian context: internet shutdowns happen at the drop of an hat, at a city or sometimes state/part of a state level. For days or longer. In one notorious instance, for multiple months. There’s little oversight, any local authority can make it happen, with little recourse by the public.
They are a massive failure of local governance in India. And getting defensive about it won’t help you in the long run, if you live in India. Sooner or later, you’ll be affected too.
> They are a massive failure of local governance in India. And getting defensive about it won’t help you in the long run, if you live in India. Sooner or later, you’ll be affected too.
Yep. Welfare Schemes are distributed via UPI, and internet shutdowns often affect regions where there are a number of residents who are eligible for welfare schemes like MGNREGA, PMSBY, etc.
Look at Manipur for example or portions of UP during law and order flairups.
That said, in my ancestral village it is being used as a cash alternative. Almost no one there is eligible for a credit card, and "payment disputes" are resolved with lathis or bandhs.
Yes, UPI Lite (local offline wallet) has a transaction limit of INR 200. Yes, 200. With a limit of 4000 per day and the Lite wallet can hold 2000 at any one time.
Good luck doing anything serious with that. Also, good luck reloading the wallet when the internet is blocked.
Note: the context of this thread was a UPI vs Cash comparison. Cash is king when the internet isn’t available. UPI Lite notwithstanding.
And for those unfamiliar with Indian context: internet shutdowns happen at the drop of an hat, at a city or sometimes state/part of a state level. For days or longer. In one notorious instance, for multiple months. There’s little oversight, any local authority can make it happen, with little recourse by the public.
They are a massive failure of local governance in India. And getting defensive about it won’t help you in the long run, if you live in India. Sooner or later, you’ll be affected too.