Paytm Payments Bank today announced that it now has over 2 million users on Paytm UPI LITE. The Bank has recorded over half a million daily transactions for Paytm UPI LITE through the Paytm app. Paytm UPI LITE brings single-click payments that never fail even when banks have success rate issues during peak transaction hours. Once loaded, UPI LITE allows a user to do instant payments of up to Rs 200 without entering UPI PIN. A maximum of Rs 2,000 can be added twice in a day to UPI LITE, making the cumulative daily usage up to Rs 4,000.
Paytm UPI is powered by the latest UPI LITE technology for successful payments, and offers 3-level bank-grade security. Additionally, payments made using UPI LITE will not be shown in the passbook, offering an uncluttered bank statement for the user. It records only a single entry when adding money to UPI LITE balance.
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Paytm Payments Bank is the first payments bank to launch UPI LITE, the Bank continues in its tradition of building technology-led innovative solutions for its users, revolutionising everyday transactions.
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How to set up Paytm UPI LITE?
Open Paytm app and click on the ‘UPI LITE’
Select the ‘Bank Account’ that is eligible for UPI LITE and tap on ‘Proceed’
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Enter the amount to be added to UPI LITE on ‘Add Money to Activate UPI LITE’ page
Once done, users can begin using Paytm UPI LITE
