Paytm launches UPI LITE

Image Credit: Livemint
  • UPI LITE was created by the National Payments Corporation of India (NPCI).
  • UPI LITE was introduced by the Reserve Bank of India in September 2022.
  • UPI LITE simplifies small value transactions.
  • Clutter in the user’s bank passbook is reduced, as transactions will now only be displayed in the Paytm balance and history section.