Why UPI Lite ?

I was curious about the UPI Lite and I got few questions, searched about it and how this UPI Lite will help when there is an existing UPI system functions well? Let's say average transaction duration by scanning a QR and paying is 1 second, if 169.65 Mn transactions per day in 2022 the average time spent in just by scanning QR and Entering UPI PIN will be in more than Million seconds contributing to thousands of hours. (UPI Data) You know about 67% Of UPI Transaction Volume was under INR 500 In February 2022 according to (NPCI Data). Which mean load over Bank Servers, Digital Cloud Storage, Internet Charges, maintenance charges etc. were huge for millions of transactions. NPCI and UPI comes up with UPI Lite and a new pivot in transactions in India. References: Inc42 Link1: https://lnkd.in/gDVJgcxX Link2: https://lnkd.in/gzx-rNvk Link3: https://lnkd.in/gACw5h6N #digital #data #india #help #maintenance #references #bank #cloud #P2P #P2M #Merchant #Customer #UPI #NPCI #UPILite #UbiquitousUPI