Paytm is providing assured welcome cashback of as much as ₹100 on activation of Paytm UPI LITE stability for the primary time. On the Paytm App, UPI LITE allows lightning quick real-time transactions with a single click on with out utilizing the UPI PIN.
With UPI LITE, customers can perform numerous small worth UPI funds with out worrying a few cap on the variety of financial institution transactions. This makes means for a hassle-free funds expertise. The safe on-device stability, UPI LITE makes every day small worth transactions superfast, eliminating the necessity of coming into the UPI PIN for each fee.
As soon as loaded, a UPI LITE permits a consumer to do instantaneous transactions of as much as ₹200, making the whole expertise fast and seamless. A most of ₹2,000 may be added twice in a day to UPI LITE, making the cumulative every day utilization as much as ₹4,000.
Additional, funds made utilizing UPI LITE de-clutters the financial institution passbook. These small worth transactions would now present within the Paytm stability and historical past part. In line with NPCI, customers will obtain a every day transaction historical past of all of the funds made by UPI LITE as an SMS from their banks.
Paytm Funds Financial institution stays a pacesetter in UPI as the biggest buying and beneficiary financial institution together with being one of many main remitter banks. Relating to UPI funds, Paytm is the quickest within the trade with the best success charge. As part of its efforts to drive innovation, the Financial institution is the primary funds financial institution to launch UPI LITE.
Paytm Funds Financial institution remained the biggest UPI beneficiary financial institution for 20 months in a row with over 1,765.87 million transactions in January 2023, forward of all main banks within the nation. With 389.61 million registered transactions, the Financial institution is likely one of the prime 10 remitter banks for UPI transactions, in keeping with NPCI’s newest report. PPBL is likely one of the main issuers and acquirer banks for Nationwide Electronics Toll Assortment (NETC) FASTag. In January 2023, PPBL processed 58.34 million transactions as an Issuer Financial institution and 47.71 million transactions as an Acquirer Financial institution.
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