RBI in association with NPCI launched the UPI LITE service 

At Global Fintech Festival held at Mumbai

UPI has certainly replaced the requirement of carrying cash and most of the transactions done through UPI are of small amounts

UPI LITE is an on-device wallet feature that will allow users to make payments of smaller denominations

Only one bank account can be enabled for UPI LITE

UPI LITE the upper limit of a transaction shall be Rs. 200/- 

UPI LITE transactions shall not be displayed in bank statements/passbooks

OTP / PIN Authorization not be required to carry out a transaction with UPI LITE