Fintech large, Paytm has touched a brand new milestone of 4.3 million customers on UPI Lite. Its Paytm Funds Financial institution recorded over 10 million UPI Lite transactions thus far by the Paytm Tremendous App. Paytm’s UPI Lite continues to realize fast reputation among the many lots to hold out small-value transactions of as much as ₹200 in a single faucet.
Paytm Funds Financial institution turned the primary funds financial institution to launch UPI Lite. Owing to a superior and dependable consumer expertise, the prospect of transaction failure on Paytm UPI Lite can also be decrease, making it a extra reliable possibility for customers. Moreover, Paytm UPI Lite is secured by Paytm’s 3-level bank-grade safety.
Paytm Funds Financial institution Spokesperson stated, “We have now achieved over 4.3 million Paytm UPI Lite customers and 10 million transactions milestone in a brief span of time and it has made on a regular basis funds hassle-free, fast, and seamless for customers. Paytm UPI Lite is powered by the safety and know-how of Paytm Funds Financial institution. Because the pioneer of cellular funds in India, we’re dedicated to driving monetary inclusion.”
Throughout the IPL season, on the Paytm app, the corporate’s UPI Lite is operating thrilling cashback affords with prime fantasy gaming apps together with Dream11, MPL, My11Circle, First Video games, Winzo, and Myteam11. Customers can use Paytm UPI LITE and rise up to ₹300 Cashback whereas including cash to every of those apps for making their fantasy cricket groups.
Additionally, this IPL season, Paytm has additionally launched an attractive recreation on its app known as Paytm Cricket League. On this recreation, customers can rating runs through the use of Paytm for all their cost wants and stand an opportunity to win iPhone 14, as much as ₹7000 cashback, and plenty of extra thrilling prizes. Customers can enter this recreation on Paytm App by the Play & Win icon within the Featured part on the app homepage or can seek for Paytm Cricket League within the Search tab on the app homepage.
Presently, Paytm Financial institution is the chief in UPI funds with the very best market share in P2M (peer-to-merchant) funds as the most important buying financial institution. It has remained the highest UPI beneficiary financial institution for 21 months in a row, together with being one of many main remitter banks.
Paytm UPI Lite steadiness can be utilized to make superfast UPI funds to any UPI QR, ship cash to any cellular quantity, and even switch to 1’s personal self-bank accounts linked to Paytm Tremendous App by the self-transfer possibility.
As of now, 10 banks help Paytm UPI LITE — Paytm Funds Financial institution, Canara Financial institution, Central Financial institution of India, HDFC Financial institution, Indian Financial institution, Kotak Mahindra Financial institution, Punjab Nationwide Financial institution, State Financial institution of India, Union Financial institution of India, and Utkarsh Small Finance Financial institution.
Many different main banks are anticipated to go reside with UPI LITE quickly.
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Supply: Live Mint