UPI payments are primarily linked to a bank account. However, services like UPI Lite allow users to perform small-value transactions using an on-device wallet, which is capped at ₹5,000 balance. The per-transaction limit for UPI Lite is ₹1,000, and the daily cap is ₹10,000. This is a method to make faster UPI payments without requiring a UPI PIN for every transaction.
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