a way to setup and use Paytm UPI Lite

Paytm payments bank restricted (PPBL) has introduced UPI Lite. This feature allows for actual-time, small-value UPI transactions with only one click on the Paytm platform. The UPI Lite is a feature provided via the country wide funds enterprise of India to advertise digital payments via facilitating quicker transactions.the way to setup Paytm UPI LiteTo install UPI Lite on the Paytm platform, comply with these 5 basic steps:
  • Open the Paytm app on iOS or Android.
  • faucet on the "Profile" button at the domestic web page's accurate left nook.
  • next, click on "UPI & payment Settings" and select "UPI LITE" under the "different Settings" section.
  • select the checking account it is eligible for UPI Lite.
  • Enter the amount you need to add to your UPI Lite account on the "Add money to spark off UPI LITE" web page.
  • Enter your MPIN and validate it to create your UPI Lite account.
  • once your UPI Lite account is installation, you can make subsequent funds with a single tap.once the UPI Lite pockets is loaded, users can instantly and effectively comprehensive transactions as much as a price of ₹200. additionally, UPI Lite allows for a optimum of ₹2,000 to be added twice a day, resulting in a complete every day usage ability of up to ₹4,000. This potential that users can behavior numerous transactions all over the day, as much as a complete of ₹four,000, with out encountering any transaction-related concerns.UPI Lite enables clients to straight away function varied UPI payments with small values with out being limited by using transaction limits. it is expected to provide a decentralised formula of authorising low-price transactions with the aid of moving them away from core banking.It provides a seamless payment experience and simplifies the bank passbook by using with the exception of small-value transactions. Such transactions will handiest seem within the Paytm stability and historical past part.Paytm says that more than 50% of transactions through UPI are beneath the cost of ₹200. This introduction of UPI Lite within Paytm will raise the success expense of transactions, thereby enhancing the typical consumer experience.

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