Key Points of Paytm UPI Lite 10 Million Transactions:
- Paytm reaches a milestone of 4.3 million users on UPI Lite.
- Paytm Payments Bank records over 10 million UPI Lite transactions through the Paytm Super App.
- Paytm’s UPI Lite allows for small-value transactions of up to ₹200 in a single tap.
- Paytm UPI Lite is powered by Paytm Payments Bank’s security and technology, providing a superior and reliable user experience.
- Paytm offers cashback offers and an engaging game, Paytm Cricket League, during the ongoing IPL season.
- Paytm Bank is the leader in UPI payments with the highest market share in P2M payments and is one of the leading remitter banks.
- Paytm UPI Lite is currently supported by 10 banks, including Paytm Payments Bank, HDFC Bank, and State Bank of India.
Details of Paytm UPI Lite 10 Million Transactions:
Paytm, a leading Fintech company, has achieved a significant milestone by reaching 4.3 million users on UPI Lite. The Paytm Payments Bank has recorded over 10 million UPI Lite transactions through the Paytm Super App, making it the first payments bank to launch UPI Lite.
The popularity of Paytm’s UPI Lite continues to grow among the masses, as it allows them to carry out small-value transactions of up to ₹200 in a single tap, thereby making everyday payments quick, hassle-free, and seamless.
A spokesperson from Paytm Payments Bank expressed delight over the achievement and said that Paytm UPI Lite is powered by the security and technology of Paytm Payments Bank, which provides a superior and reliable user experience. Additionally, Paytm UPI Lite is secured by Paytm’s 3-level bank-grade security, making it a dependable option for users.
During the ongoing IPL season, Paytm has launched exciting cashback offers on its app, including Dream11, MPL, My11Circle, First Games, Winzo, and Myteam11. Users can use Paytm UPI Lite and get up to ₹300 cashback while adding money to each of these apps for making their fantasy cricket teams.
In addition, Paytm has also launched an engaging game called Paytm Cricket League, where users can score runs by using Paytm for all their payment needs and stand a chance to win iPhone 14, up to ₹7000 cashback, and other exciting prizes.
Paytm Bank is currently the leader in UPI payments, with the highest market share in P2M payments as the largest acquiring bank. It has remained the top UPI beneficiary bank for 21 months in a row, along with being one of the leading remitter banks.
The Paytm UPI Lite balance can be used to make superfast UPI payments to any UPI QR, send money to any mobile number, or even transfer to one’s own self-bank accounts linked to Paytm Super App through the self-transfer option.
As of now, Paytm UPI Lite is supported by 10 banks, including Paytm Payments Bank, 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.
About Paytm UPI Lite:
Paytm Payments Bank, a subsidiary of Paytm, is an Indian payments bank established in 2015 and located in Noida. It was granted the license to operate as a payments bank by the Reserve Bank of India in the same year and commenced operations in November 2017.
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