All panchayats across the country will mandatorily use digital payments for all development work and revenue collection this Independence Day onwards, and will be declared UPI-enabled, a letter issued by the Panchayati Raj Ministry said.
The move comes as a breather to companies like Walmart Inc's PhonePe and Alphabet Inc's Google, which are among the leading digital money transfer apps in the country.
UPI Lite is an on-device wallet service provided by select banks that allow low-value transactions up to ₹200 through the BHIM app. Let’s see how it works.
With the UPI Auto-Pay facility, customers can use any UPI application for recurring payments such as electricity bills, EMI payments, insurance, mobile bills, etc