Monday, December 9, 2024
spot_img

Paytm Launches UPI Lite Auto Top-Up for Easy Daily Payments

Share post:

Paytm has launched a new feature called UPI Lite Auto Top-Up to simplify small daily payments under Rs 500. This feature aims to make frequent, low-value transactions such as buying food, groceries, or paying for transport faster and easier.

Faster and Easier Payments

The UPI Lite Auto Top-Up feature allows users to make PIN-less payments for purchases under Rs 500, with a daily cap of Rs 2,000. It eliminates the need for entering a PIN for each transaction, making payments quicker. This is especially useful for people who make many small, recurring payments every day.

The feature also automatically refills the user’s balance when it falls below a set limit, so users do not have to manually top-up their wallet each time.

Clutter-Free Bank Statements

One of the key benefits of UPI Lite Auto Top-Up is the cleaner bank statements it offers. Since small payments are made through the on-device wallet, they don’t appear in the main bank account. This helps users avoid a long list of small transactions on their bank statements, keeping things neat and simple.

Additionally, users can access detailed UPI transaction records, helping them track their spending and manage their budget more effectively.

Paytm

Key Features of UPI Lite Auto Top-Up

  • PIN-less payments: Make quick payments up to Rs 500 without needing to enter a PIN.
  • Automatic balance top-up: Set a minimum balance, and the system will automatically add funds when needed.
  • Clear bank statements: Keep small payments separate from your main bank account to avoid clutter.
  • Comprehensive transaction tracking: Download a detailed UPI statement to track all transactions easily.

A Paytm spokesperson explained, “With UPI Lite Auto Top-Up, users can make daily payments faster and without any hassle. It simplifies small recurring transactions while keeping bank statements clear.”

How to Activate UPI Lite Auto Top-Up

To use UPI Lite Auto Top-Up, follow these easy steps:

  • Download the Paytm app and link your bank account.
  • Create a UPI handle and set a limit for automatic top-ups.
  • Add funds to your UPI Lite balance to start making PIN-less payments.

The feature currently supports Yes Bank and Axis Bank accounts, with plans to expand to more banks soon.

Related articles

UPI Transactions Hit Record High in October During Festive Season

India’s UPI (Unified Payments Interface) reached an all-time high with 16.58 billion transactions valued at Rs 23.50 lakh...

RBI Increases Transaction Limits for UPI123Pay and UPI Lite

RBI (Reserve Bank of India) is taking steps to promote digital payments in India by increasing transaction limits...

Axis Bank Launches New Credit Card Suite for Startups

Axis Bank has introduced a new Corporate Credit Card Suite designed especially for startups. This initiative falls under...

NPCI to Create UPI-Like Payments Platform in Trinidad and Tobago

NPCI International Payments Limited (NIPL) has partnered with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago...

Ready to Revolutionize Your Business?

Request a quote or schedule a call today!