Paytm UPI LITE crosses 2 million users with over half a million daily transactions

byPreeti VermaLast Updated: March 15, 2023

With UPI LITE, we have once again taken mobile payments to the next level in the country. We have crossed over 2 million users with over half a million daily transactions on our UPI LITE through our app. This is a testament to Paytm UPI LITE’s rising popularity.

Through UPI LITE, we bring lightning-fast payments that never fail even when banks have success rate issues during peak transaction hours. It works with on-app UPI-Lite balance making lightning-fast payments that never fail, even during peak banking hours. Once loaded, UPI LITE allows a user to do instant payments of up to ₹200, making the entire experience seamless. A maximum of ₹2,000 can be added twice a day to UPI LITE, making the cumulative daily usage up to ₹4,000.

We pioneered mobile payments in India, serving customers as well as small and large merchants, where UPI has emerged as one of the key customer and merchant acquisition channels for us.

Our 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 the UPI LITE balance.

“We have seen great adoption of Paytm UPI LITE, having crossed the milestone mark of over 2 million users within a short span of time. With Paytm UPI, we bring lightning-fast payments that never fail, powered by the latest UPI LITE technology and the security of Paytm Payments Bank.”
– Paytm Payments Bank Spokesperson said

Our associate bank Paytm Payments Bank is #1 in UPI as the largest acquiring and beneficiary bank along with being one of the leading remitter banks. As the first payments bank to launch UPI LITE, we continue our tradition of building technology-led innovative solutions for our users, revolutionising everyday transactions.

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’
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

Preeti Verma

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