Paytm Payments Bank becomes first to launch UPI LITE feature

Daily Current Affairs / Paytm Payments Bank becomes first to launch UPI LITE feature

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Category : Business and economics Published on: February 17 2023

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Paytm Payments Banks Limited (PPBL) has launched UPI LITE, enabled by National Payments Corporation of India for multiple small-value UPI transactions.
The UPI LITE feature will help with faster real-time transactions with a single click through Paytm as the bank aims to drive the adoption of digital payments across the country.
Using UPI Lite, users can perform many UPI payments with small values at a lightning-fast speed without being concerned about the limit on the number of bank transactions.
The bank has become the pioneer among payments banks to introduce UPI Lite.