Paytm rolls out UPI Lite auto top-up for recurring daily payments under Rs 500 without PIN

One 97 Communications Limited (OCL), which owns the marque Paytm, has introduced automatic top-up for Paytm UPI Lite, the institution informed the speech successful a filing.

As per the company, this diagnostic allows users to automatically recharge their UPI Lite equilibrium erstwhile it falls beneath a acceptable limit, ensuring seamless small-value transactions without the request for a PIN.

Payments of up to Rs 500 tin beryllium made per transaction, with a regular bounds of Rs 2000, making it perfect for recurring regular payments.

The institution said: "Paytm UPI Lite streamlines regular transactions--such arsenic purchasing groceries, paying for transportation, managing subscriptions, oregon settling tiny bills--by eliminating the request for a PIN. It helps support clutter-free slope statements, arsenic regular payments are processed done an on-device wallet without straight accessing the main slope account."

Additionally, the institution has besides introduced a UPI connection download feature, enabling users to presumption and download elaborate records of each UPI transactions, including those made via Paytm UPI Lite. This enhancement supports effectual disbursal monitoring and spending management.

The Paytm UPI Lite car top-up diagnostic is unrecorded connected Yes Bank and Axis Bank handles for prime users, and volition soon beryllium expanded to each users and remaining partnered banks.

"The instauration of automatic top-up successful Paytm UPI Lite makes mundane payments faster and much seamless, covering everything from regular chai and nutrient to auto, metro, and autobus rides. It helps support the main slope connection clutter-free, ensuring small, predominant transactions don't overwhelm it. The Paytm app provides a elaborate UPI connection that includes Paytm UPI Lite spends arsenic well, allowing users to way and signifier each their payments effectively" said a Paytm spokesperson.

The institution besides informed that it has partnered with starring banks, including State Bank of India (@ptsbi), HDFC Bank (@pthdfc), Axis Bank (@ptaxis), and Yes Bank (@ptyes), to powerfulness seamless and unafraid UPI payments

The level enables users to nexus their slope accounts and make UPI IDs for seamless self-account transfers, peer-to-peer transactions, and online and offline payments. It provides relationship equilibrium checks straight wrong the app.

It offers UPI Lite for small-value transactions, RuPay Credit Card linking connected UPI, and an auto-pay service, enhancing the wide outgo experience.

Expanding its reach, the level present besides supports planetary UPI payments astatine overseas locations wherever UPI is accepted, including the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.