Cryptocurrency Q&A Can I do online payment without KYC?

Can I do online payment without KYC?

KimonoElegance KimonoElegance Sun Sep 29 2024 | 6 answers 1777
I don't understand this question. Could you please assist me in answering it? Can I do online payment without KYC?

6 answers

Tommaso Tommaso Tue Oct 01 2024
One of the notable features of UPI Lite is the absence of Know Your Customer (KYC) verification. This simplifies the process of setting up an account significantly, making it accessible to a wider range of users.

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Raffaele Raffaele Tue Oct 01 2024
With UPI Lite, users can enjoy the convenience of paying anywhere, anytime. Whether at a physical store or sending money to friends and family via Google Pay, UPI Lite offers a seamless experience.

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Silvia Silvia Tue Oct 01 2024
The payment limit for UPI Lite transactions is set at ₹500 INR, which is sufficient for many small transactions and daily expenses.

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Alessandro Alessandro Tue Oct 01 2024
However, it's important to note that UPI Lite has certain limitations. For instance, it cannot be used for certain types of payments, such as payment collect requests.

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Michele Michele Mon Sep 30 2024
Despite these limitations, UPI Lite remains a popular option for those looking for a quick and easy way to make small payments without the hassle of KYC verification.

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