Paytm upi lite enable cashback offer loot fast | paytm payment bank upi lite activation | upi lite

Paytm upi lite enable cashback offer loot fast | paytm payment bank upi lite activation | upi lite #indhinditech ----- --------------------------------- ----------------------------- --------- Our second channel -------- Banking related Channel Link :-    / indbankingpoint   ------------------ ------------------------------------- -------------- -------------------------------------------------------------------- Join Telegram :- https://t.me/indhinditech or Search on telegram @indhinditech facebook Page :-   / indhinditech   Instagram :-   / gautamckj   twitter :- https://bit.ly/3k5Yhdc 🙏🙏🙏🙏🙏🙏 please dosto is video ko like share kare aur channel ko subscribe jarur kare... copyright paytm India’s Pioneer in Digital Payments Paytm Launched UPI Lite for Seamless UPI Transactions. The digital payments industry in India is witnessing exceptional growth. Over the last five years, the volume of digital payments in India increased at an average annual rate of 50%. Its expansion, especially in the United Payments Interface (UPI), has been even more significant – a whopping 160% annually (Source). Being the cornerstone of retail payment digitalisation, it is only obvious that there will be newer innovations surrounding UPI. In September 2022, the Reserve Bank of India launched UPI Lite, a digital account designed by the National Payments Corporation of India (NPCI) to facilitate faster and easier transactions for low-value transfers. UPI Lite is a distinguished feature that will make regular transactions like payments for low-value shopping such as groceries or low-priced single items smooth and fast. #paytmupilite What is UPI Lite? UPI Lite is a digital account designed to facilitate low-value transactions. This feature will make small ticket transactions easier and quicker. The maximum UPI Lite transaction limit is Rs 200. Paytm, a leading player in the market, has introduced UPI Lite which enables users to carry out transactions up to Rs. 200, with a maximum cumulative limit of Rs. 4000. The UPI Lite app has a maximum balance limit of Rs 2000 at any given time. A maximum of Rs 2000 can be added to the UPI Lite account twice daily. This allows for a cumulative transaction limit of Rs 4000 in a day. Users can make multiple transactions within the maximum UPI Lite transaction limit. A user can load Rs 2000 in the UPI Lite app and utilize the available balance to conduct transactions until it is fully utilized. The maximum allowed value per transaction is Rs 200. Therefore, a user can make multiple transactions until the limit is reached. For example, a user may conduct 6 transactions worth Rs 200, 4 transactions worth Rs 150, and 20 transactions worth Rs 10 in a day, exhausting the UPI Lite transaction limit of Rs 2000. However, if the user requires further transactions on the same day, they may add another Rs 2000 to their UPI Lite account. In addition, UPI Lite streamlines the transaction process by eliminating the need to enter a 4 or 6-digit PIN. Advantages of UPI Lite Here are some of the significant benefits of UPI Lite: Less Clutter on Bank Passbook – When small-value transactions, which are frequent and high-volume, will be made using UPI Lite, there will be fewer transaction details on the bank Passbook. It will comprise only the major and top-up transactions done using UPI Lite. Hence, users can have a relatively clean and decluttered Passbook. Easy Small Value Transactions – This advantage of UPI Lite will cater to the daily transactional requirements of the common people. Small purchases ranging from Re 1 to Rs 200 that are a part of daily routine will become faster and more convenient. No Cap on Number of Transactions – There is no cap on the number of transactions a user can make using UPI Lite. Since there is no restriction on the number of transactions, given the cumulative daily amount, a user can make multiple payments of a low amount. Use Without PIN – With UPI Lite, users are not required to enter a 4 or 6-digit PIN like they would with other payment methods such as debit or credit cards, or net banking. This means that for small, regular transactions, users can avoid the hassle of entering a PIN. #upilite