Outlook Money
Many smartphone users struggle to transfer money and other funds without internet accessibility
NPCI's UPI Lite was the first breakthrough that enabled small-denomination transactions up to Rs 500 at a time through an on-device UPI wallet without using the remitter bank's core banking system
UPI Lite X is a modified UPI Lite version that doesn’t require the internet as it utilizes Near Field Communication (NFC) technology. It requires both devices (sender and receiver) to be near each other and allows complete offline transactions
Using the same NFC technology, just like the conventional Scan and Pay method, users can simply tap NFC-enabled QR codes at merchant locations to complete their payments offline
Bharat BillPay has a system called BillPay Connect that has nationalized numbers for bill payments across India. Customers without smartphones or immediate mobile data access can pay bills by giving a missed call
123PAY UPI also offers feature phone users the ability to make UPI payments offline. To use this feature, users must complete formalities by dialling *99#, selecting the bank, providing details like the last six digits of the debit card and expiry date, and then setting up a UPI PIN
Compiled by Syed Muskan