India’s homegrown Paytm Payments Bank has enabled real-time UPI payments in one-tap via Paytm UPI LITE. These payments never fail even when banks have success rate issues during peak transaction hours. Paytm Payments Bank is a leader in UPI Peer to Merchant (P2M) payments as the largest acquiring and beneficiary bank as well as a leading remitter bank.
Currently, 10 banks support Paytm UPI LITE —
- Paytm Payments Bank,
- Canara Bank,
- Central Bank of India,
- HDFC Bank,
- Indian Bank,
- Kotak Mahindra Bank,
- Punjab National Bank,
- State Bank of India,
- Union Bank of India,
- Utkarsh Small Finance Bank.
Paytm UPI LITE is a secure 'on-device' wallet which is linked to the user's bank account. It makes a single entry in the user’s bank account, decluttering bank statements. It is powered by the latest UPI LITE Technology for successful payments, which offers 3-level bank-grade security.
