Paytm is providing assured welcome cashback of up to ₹100 on activation of Paytm UPI LITE steadiness for the primary time. On the Paytm App, UPI LITE enables lightning fast real-time transactions with a single click on with out utilizing the UPI PIN.
With UPI LITE, customers can perform numerous small worth UPI payments with out worrying a couple of cap on the variety of financial institution transactions. This makes method for a hassle-free payments expertise. The safe on-device steadiness, UPI LITE makes day by day small worth transactions superfast, eliminating the necessity of getting into the UPI PIN for each cost.
Once loaded, a UPI LITE permits a consumer to do instantaneous transactions of up to ₹200, making all the expertise fast and seamless. A most of ₹2,000 could be added twice in a day to UPI LITE, making the cumulative day by day utilization up to ₹4,000.
Further, payments made utilizing UPI LITE de-clutters the financial institution passbook. These small worth transactions would now present within the Paytm steadiness and historical past part. According to NPCI, customers will obtain a day by day transaction historical past of all of the payments made by UPI LITE as an SMS from their banks.
Paytm Payments Bank stays a frontrunner in UPI as the most important buying and beneficiary financial institution together with being one of many main remitter banks. When it comes to UPI payments, Paytm is the quickest within the trade with the very best success charge. As part of its efforts to drive innovation, the Bank is the primary payments financial institution to launch UPI LITE.
Paytm Payments Bank remained the most important UPI beneficiary financial institution for 20 months in a row with over 1,765.87 million transactions in January 2023, forward of all main banks within the nation. With 389.61 million registered transactions, the Bank is without doubt one of the prime 10 remitter banks for UPI transactions, in accordance to NPCI’s newest report. PPBL is without doubt one of the main issuers and acquirer banks for National Electronics Toll Collection (NETC) FASTag. In January 2023, PPBL processed 58.34 million transactions as an Issuer Bank and 47.71 million transactions as an Acquirer Bank.
(This is a client join initiative)
