The company on Tuesday said that Paytm UPI Lite, homegrown Paytm Payments Bank, has over 4.3 million users and has done over one crore transactions through the Paytm Super app so far.
Paytm UPI Lite continues to gain rapid popularity among the masses for making small value transactions of up to Rs 200 in a single tap.
Currently, 10 banks support Paytm UPI Lite – Paytm Payments Bank, Canara Bank, Central Bank of India, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, Union Bank of India and Utkarsh Small Finance Bank. ,
The company said that several other leading banks are expected to go live with Paytm UPI Lite soon.
“We have achieved the milestone of over 4.3 million Paytm UPI Lite users and 10 million transactions in a short span of time and have made daily payments hassle-free, quick and seamless for users,” said a Paytm Payments Bank spokesperson.
“Paytm UPI Lite is powered by the security and technology of Paytm Payments Bank. As the pioneer of mobile payments in India, we are committed to driving financial inclusion,” the spokesperson said.
Paytm UPI Lite facilitates lightning-fast UPI payments even as banks face success rate issues during peak transaction hours.
Also, individual payments made through UPI Lite are not reflected in the bank passbook from where the UPI Lite balance was linked, offering a clean bank statement with only one passbook entry to load the UPI Lite balance. Is.
Due to the better and reliable user experience, there are also less chances of transaction failures on Paytm UPI Lite, making it a more reliable option for users. Furthermore, Paytm UPI Lite is secured by Paytm’s 3-tier bank-grade security, as per the company.
Paytm UPI Lite Balance can be used to make superfast UPI payments to any UPI QR, send money to any mobile number or even transfer money to your own bank accounts linked to the Paytm Super app through the self-transfer option can be done for
On the Paytm app, during this IPL season, Paytm UPI is running exciting cashback offers with top fantasy gaming apps including Dream11, MPL, My11Circle, First Games, WinZO and MyTeam11.
Users can use Paytm UPI Lite and get up to Rs 300 cashback when they add money to each of these apps to create their fantasy cricket team.
Additionally, in the IPL 2023 season, Paytm has also launched an engaging game on its app called Paytm Cricket League.
In this game, users can score runs using Paytm for all their payment needs and stand a chance to win iPhone14, up to Rs 7,000 cashback and many other exciting prizes.
– IANS
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