Paytm Payments Bank Launches NPCI’s UPI LITE Feature for Faster Real-Time Transactions

Paytm Payments Bank Limited (PPBL) is now live with its UPI LITE, a feature enabled by National Payments Corporation of India for multiple small-value UPI transactions.

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The UPI LITE feature enables faster real-time transactions with a single click through Paytm as the bank aims to drive the adoption of digital payments across the country.

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Designed by the National Payments Corporation of India (NPCI), UPI LITE was launched by the Reserve Bank of India in September 2022.

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It also de-clutters the bank passbook of small value transactions, as these payments would now only show in the Paytm balance and history section, and not in the bank passbook.

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As a part of its efforts to drive innovation, the Bank said it is the first payments bank to launch such UPI LITE feature.

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"Once loaded, a UPI LITE wallet allows a user to do instant transactions of up to Rs 200, making the entire experience quick and seamless. 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," it said in a release.

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Paytm Payments Bank Launches NPCI’s UPI LITE Feature for Faster Real-Time Transactions

Designed by NPCI, UPI LITE was launched by the Reserve Bank of India in September 2022.

Brought to you by Trickyenough

Paytm Payments Bank Limited (PPBL) is now live with its UPI LITE, a feature enabled by National Payments Corporation of India for multiple small-value UPI transactions.

Brought to you by Trickyenough

The UPI LITE feature enables faster real-time transactions with a single click through Paytm as the bank aims to drive the adoption of digital payments across the country.

Brought to you by Trickyenough

Designed by the National Payments Corporation of India (NPCI), UPI LITE was launched by the Reserve Bank of India in September 2022.

Brought to you by Trickyenough

It also de-clutters the bank passbook of small value transactions, as these payments would now only show in the Paytm balance and history section, and not in the bank passbook.

Brought to you by Trickyenough

As a part of its efforts to drive innovation, the Bank said it is the first payments bank to launch such UPI LITE feature.

Brought to you by Trickyenough

"Once loaded, a UPI LITE wallet allows a user to do instant transactions of up to Rs 200, making the entire experience quick and seamless. 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," it said in a release.

Brought to you by Trickyenough