Paytm Payments Bank becomes first to launch UPI LITE feature

Designed by the National Payments Corporation of India (NPCI), UPI LITE was launched by the Reserve Bank of India in September 2022. It also de-clutters the bank passbook of small value transactions, as these payments would now only show in the Paytm balance and history section, and not in the bank passbook.

from Banking/Finance-Industry-Economic Times https://ift.tt/oDGEQ92