UPI Lite X is a revolutionary payment system launched by the Reserve Bank of India at the Global Fintech Fest 2023. It’s designed to facilitate offline money transactions in areas with poor network coverage. This system, which operates using Near Field Communication (NFC), allows users to transfer money without an internet connection and a bank account. UPI Lite X stands out by enabling faster, low-value transactions (below Rs 500 without UPI PIN, with a daily limit of Rs 4,000 and a wallet balance limit of Rs 2,000) and broadens financial access to a larger demographic. It’s a part of a suite of new UPI-related products aimed at enhancing digital payments in India.