Paytm Payments Bank becomes first to launch UPI LITE feature

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.
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