Paytm UPI LITE crosses 2 mn users with over half million daily transactions

Homegrown Paytm Payments Bank on Wednesday announced it now has over 2 million users on Paytm UPI LITE.

The Bank recorded over half a million daily transactions for Paytm UPI LITE through the Paytm app, it said in a statement.

“We have seen great adoption of Paytm UPI LITE, having crossed the milestone mark of over 2 million users within a short span of time,” said a Paytm Payments Bank spokesperson.

“With Paytm UPI, we bring lightning-fast payments that never fail, powered by the latest UPI LITE technology and the security of Paytm Payments Bank,” the spokesperson added.