Recently, Google Pay introduces UPI Lite for faster small-value transactions, Which of the following statement is correct about UPI Lite?
1
You can enable UPI LITE for one Account only in the App
2
The upper limit of a UPI LITE Transaction shall be Rs. 500/- and the total limit of UPI LITE Balance shall be Rs. 2000/- at any point in time or such other limits as may be prescribed by NPCI, from time to time
3
You don't required to enter UPI Pin for Transactions upto 500
4
It has a higher success rate compared to conventional UPI payments.
5
All of the above