PhonePe, Paytm to launch UPI Lite for smaller epayments.

The Unified Payments Interface (UPI) Lite is set to be released on Paytm and PhonePe’s mobile applications, according to a report by the Economic Times (ET). Within a month, Paytm is anticipated to activate the function.

In order to simplify small ticket transactions up to Rs 200, the National Payment Corporation of India (NPCI) created UPI Lite last year.

https://www.businessoutreach.in/phonepe-paytm-to-launch-upi-lite/

Payments utilizing the UPI PIN are supported by this on-device wallet function.

https://www.businessoutreach.in/phonepe-paytm-to-launch-upi-lite/