With Paytm UPI Lite, the company making it simpler for anyone to send and receive money instantly, without the need for lengthy bank account details or cumbersome processes.
Paytm, India’s leading digital wallet and payment gateway, has launched a new feature called Paytm UPI Lite, aimed at simplifying and streamlining the process of making and receiving payments using UPI (Unified Payment Interface).
With Paytm UPI Lite, users can now create a UPI ID that will be linked to their Paytm wallet and use it to send and receive money directly to and from other UPI-enabled bank accounts. This means that users no longer need to go through the cumbersome process of adding beneficiaries or entering bank account details each time they make a transaction.
The new feature also allows users to check their transaction history, manage their UPI ID and view their linked bank accounts all in one place, making the entire process much more convenient and hassle-free.
Speaking on the launch of Paytm UPI Lite, Nitin Misra, Senior Vice President at Paytm, said: “UPI is rapidly becoming the preferred mode of digital payments in India, and we want to make it as easy and accessible as possible for our users. With Paytm UPI Lite, we are making it simpler for anyone to send and receive money instantly, without the need for lengthy bank account details or cumbersome processes.”
Paytm UPI Lite is available to all Paytm users, both on the app and website, and can be accessed by simply updating the app to the latest version. The feature is also expected to be integrated with other Paytm services, such as Paytm Mall and Paytm Travel, in the near future.
This move by Paytm is in line with the government’s push towards a cashless economy and will certainly help to promote the adoption of digital payments among the masses. With its user-friendly interface and simplified process, Paytm UPI Lite is likely to become a popular choice among users looking for a seamless and hassle-free payment experience.