One97 Communications (OCL), the parent company of Paytm, has rolled out a new automatic top-up feature for Paytm UPI Lite, streamlining small-value transactions for users. This feature ensures automatic recharging of the UPI Lite balance when it drops below a preset limit, eliminating the need for a PIN and enabling seamless daily payments.
Users can now make payments of up to ₹500 per transaction, with a daily cap of ₹2,000, making the feature ideal for recurring expenses such as groceries, transportation, subscriptions, and small utility bills. According to Paytm, the UPI Lite system keeps bank statements clutter-free, as transactions are processed via an on-device wallet without direct access to the main bank account.
Additionally, Paytm has introduced a UPI statement download feature, allowing users to view and download detailed transaction records, including those made via UPI Lite. This enhancement promotes effective expense tracking and spending management.
The auto top-up feature is currently live for select users via Yes Bank and Axis Bank and will soon be expanded to all users across partner banks. Speaking about the launch, a Paytm spokesperson highlighted its benefits:
“The introduction of automatic top-up in Paytm UPI Lite makes everyday payments faster and more seamless, covering everything from daily tea and food to metro and bus rides. It helps keep bank statements clutter-free and ensures small, frequent transactions don’t overwhelm users. With detailed UPI statements on the app, users can effectively track and organize their payments.”
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Paytm has partnered with leading banks, including SBI, HDFC Bank, Axis Bank, and Yes Bank, to enable secure and efficient UPI payments. The platform supports features like UPI Lite for small transactions, RuPay Credit Card linking, auto-pay for subscriptions, and international UPI payments across countries like the UAE, Singapore, France, Mauritius, and Bhutan.
Key Highlights of Paytm UPI Lite:
- Seamless payments up to ₹500 per transaction with a ₹2,000 daily limit.
- Automatic balance top-up for uninterrupted small-value transactions.
- Clutter-free bank statements via on-device wallet processing.
- UPI statement download for easy expense monitoring.
- Expanding international UPI payment capabilities.
