Paytm is now offering UPI LITE payments. It enables faster real-time transactions with a single tap on the Paytm app. These transactions will never fail even if the bank servers are down.
Users can carry out transactions up to Rs. 200. It provides superfast transactions as users do not have to enter any PIN. Users can also transfer their UPI balance back to the same bank account, without any charges.
To promote this drive PayTm is offering Rs. 100 cashback to users for activating UPI LITE and adding Rs. 1,000 as a balance.
This step taken by Paytm promotes accessible digital payments for people across the country.
The banks that support Paytm UPI LITE are 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.
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