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Paytm Launches UPI LITE Auto Top-Up for Small-Value Transactions

Paytm Launches UPI LITE Auto Top-Up for Small-Value Transactions

November 25, 2024
in Fintech
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One 97 Communications Limited (OCL), which owns the brand Paytm, India’s leading payments and financial services distribution company, has introduced automatic top-up for Paytm UPI Lite. This new feature simplifies recurring daily payments under ₹500, ensuring that users never run out of balance for small-value transactions.

UPI LITE Auto Top-up is designed for hassle-free transactions. When the UPI Lite balance falls below a set threshold, it is automatically recharged, eliminating the need for manual top-ups. Payments of up to ₹500 can be made without requiring a PIN, and users can make transactions up to ₹2,000 daily, making this feature ideal for purchases like groceries, public transport fares, subscriptions, and other small bills.

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The UPI LITE Auto Top-up feature is currently live for select users with Yes Bank and Axis Bank handles. Paytm plans to roll out the feature to all users and additional partnered banks in the coming months, further expanding accessibility.

Paytm spokesperson said, “The introduction of automatic top-up in Paytm UPI Lite makes everyday payments faster and more seamless, covering everything from daily chai and food to auto, metro, and bus rides. It helps keep the main bank statement clutter-free, ensuring small, frequent transactions don’t overwhelm it. The Paytm app provides a detailed UPI statement that includes Paytm UPI Lite spends as well, allowing users to track and organize all their payments effectively.”

Paytm has also introduced a new UPI statement download feature. This allows users to view and download comprehensive records of all UPI transactions, including those made via UPI Lite. By offering detailed insights, Paytm empowers users to monitor and manage their spending more effectively.

Paytm continues to revolutionize digital payments with features like UPI Lite for small-value transactions, RuPay Credit Card linking on UPI, and Auto-Pay for recurring expenses. The platform also enables international UPI payments in countries such as the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal, extending its reach to Indian users traveling abroad.

Through partnerships with leading banks, including State Bank of India, HDFC Bank, Axis Bank, and Yes Bank, Paytm ensures secure, seamless, and user-friendly payment solutions for millions.

Tags: FintechpaytmPaytm UPI Lite

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