te Paytm UPI LITE allows users to make payments without UPI PIN: Step-by-step guide to how you can use the feature | Zee Business

Paytm UPI LITE allows users to make payments without UPI PIN: Step-by-step guide to how you can use the feature

Paytm Payments Bank announced that it now has over 2 million users on Paytm UPI LITE on Wednesday. The Bank has recorded over half a million daily transactions for Paytm UPI LITE through the Paytm app. 

Paytm UPI LITE allows users to make payments without UPI PIN: Step-by-step guide to how you can use the feature
UPI LITE allows a user to do instant payments of up to Rs 200 without entering UPI PIN. Pic: IANS

Paytm Payments Bank announced that it now has over 2 million users on Paytm UPI LITE on Wednesday. The Bank has recorded over half a million daily transactions for Paytm UPI LITE through the Paytm app, an IANS report said.

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 a day to UPI LITE, taking 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 the UPI LITE balance.

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How to set up Paytm UPI LITE: Step-by-step guide

Step 1: Open the Paytm app and click on the ‘UPI LITE’

Step 2: Select the eligible 'Bank Account' for UPI LITE. Tap on ‘Proceed’

Step 3: Enter the amount that needs to be added to UPI LITE on the ‘Add Money to Activate UPI LITE’ page

Step 4: Once complete, users can begin using Paytm UPI LITE

Paytm Payments Bank was the first payments bank to launch UPI LITE making everyday transactions easy.

(With IANS inputs)

 

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Written By: Shivani Tiwari
Edited By: Hemant Abhishek
Updated: Wed, Mar 15, 2023
03:57 pm
New Delhi, ZeeBiz WebDesk
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