We have enabled users with quick and seamless transactions at a lightning fast speed on Paytm Super App with Paytm UPI LITE. Users can carry out multiple transactions payments of smaller values of up to ₹200 at one point. It allows users to add a maximum of ₹2,000 twice a day, resulting in a total daily usage of up to ₹4,000, at a single tap.
Easy payment facility for iPhone users
UPI Lite support has also been announced for the iOS platform. According to media reports, the payment facility will now be easier for iPhone users. UPI Lite was launched by NPCI in September 2022.
Let us tell you that with the help of this, all types of small payments are provided from groceries. Now Paytm Payments Bank has also informed about the facility of Paytm UPI Lite support for the iOS platform.
Very helpful for small payments
2000 rupees can be stored in UPI Lite. Actually, PIN is not required for payment with UPI Lite and the customer can easily complete small transactions immediately.
How much money can you keep in UPI Lite?
Currently, customers of UPI can only set up UPI LITE accounts. Also, users need to ensure that their bank supports UPI LITE features. Users can transfer UPI balance back to the same bank account anytime, without incurring any charges. It also declutters bank statements, with only one entry for all UPI LITE payments.
Paytm UPI LITE aims to make smaller value transactions hassle-free, quick and seamless. It also improves the success rate for UPI transactions while reducing the infrastructure load on the remitter bank’s systems. The process is so simple that users will be able to make smaller value transactions while paying for the groceries or topping up the phone balance with one-click single-factor authentication.