Is UPI lite better than UPI?

Neither UPI nor UPI Lite is strictly "better"; the choice depends on your needs. UPI offers a comprehensive platform for all transactions, supporting transfers up to ₹1 lakh daily. UPI Lite is a simplified version, acting as an on-device wallet designed specifically for small-value transactions, with a limit of ₹500 per transfer and a ₹4,000 daily limit. UPI Lite is more convenient for quick, hassle-free payments, while UPI is suited for larger transfers.