National, 24th March 2023 (GNI): India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE. These payments never fail even when banks have success rate issues during peak transaction hours.
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, and Utkarsh Small Finance Bank.
The success rate of transactions via Paytm UPI LITE is improved further as it is designed to reduce the load on bank systems for small-value payments. It is powered by the latest UPI LITE Technology for successful payments, which offers 3-level bank-grade security, stated in the press release.ends GNI SG
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