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<ul><li><keyword id="13424650" type="General" weightage="100" keywordseo="upi-lite" source="Orion">UPI LITE</keyword> lets you do instant transactions of up to ₹200 or less without using a PIN.</li><li>Transactions are made using a wallet and not from a linked bank account.</li><li>Transactions are faster and have an improved success rate.</li></ul>Have you been frustrated when making UPI payments because your bank’s servers were down? With Paytm Payments Bank launching UPI LITE, that may be a thing of the past. UPI LITE is a feature enabled by National Payments Corporation of India (NPCI) for multiple small value UPI transactions. It enables faster real-time transactions with a single click. UPI LITE was launched by the Reserve Bank of India in September 2022 and BHIM app has been allowing these transactions since the end of September last year. “UPI is the most versatile of payment options and its popularity continues to rise. So it is inevitable that there are newer innovations happening around it,’ says Adhil Shetty, CEO, BankBazaar.com. In case of UPI LITE, you can conduct transactions using an ‘on-device’ wallet and not from a linked bank account. Once loaded, a UPI LITE wallet allows a user to do instant transactions of up to ₹200, thus making it easier to make low value transactions. According to a NPCI circular issued in May 2022, 50% of the total UPI transactions are of value of ₹200 and less, so UPI LITE will benefit a lot of customers. A maximum of ₹2,000 can be added twice in a day to UPI LITE, making the cumulative daily usage up to ₹4,000. Additionally, with UPI LITE, users can carry out a large number of small value UPI payments in a superfast manner without worrying about cap on the number of bank transactions. Users do not need to key in a four or six digit pin to use UPI LITE and this makes way for quicker and hassle-free payments. According to the NPCI website, since UPI LITE transactions do not utilize the remitter banks core banking system, there is an improved rate of success. Plus, since one can make several transactions after loading their wallet once, the passbook gets less cluttered. <cmsannotation type="cmsannotation" annotationid="Steps to set up and use UPI LITE" comment="subhead" text="Steps to set up and use UPI LITE">Steps to set up and use UPI LITE</cmsannotation> <ol><li>Open the Paytm app on your phone.</li><li>Tap on the ‘Profile’ button on the top left corner.</li><li>Click on ‘UPI and Payments Settings’ and and click on ‘UPI LITE’ under the ‘Other Settings’ option.</li><li>Choose a bank account that is eligible for UPI LITE.</li><li>Enter the amount you want to add to the UPI LITE account and ‘Add Money’ to activate UPI LITE.</li><li>Enter your MPIN to validate your UPI LITE account.</li><li>Once the UPI LITE account is set up, you can make payments with a single click without using a PIN. </li></ol><cmsannotation type="cmsannotation" annotationid="Difference between UPI and UPI LITE" comment="subhead" text="Difference between UPI and UPI LITE">Difference between UPI and UPI LITE</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPI </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPI LITE </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">What is it? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPI is a round-the-clock payment system that enables real-time instantaneous transfer of funds between two bank accounts </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPI LITE is a feature that allows users to make small-value payments real-time using an on-device wallet </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Is PIN mandatory? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">A 4 to 6-digit PIN is mandatory </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">At present, you don't need a PIN to send money through UPI LITE </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Transaction Limit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The upper limit per UPI transaction is ₹2 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The upper limit is ₹200. Meanwhile, the total balance of the on-device wallet can be up to ₹2,000 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Can you receive money? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yes </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">At present, it is only possible to make debit transactions using your UPI LITE wallet. Any funds credited to UPI LITE will be directly transferred to your bank account </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Who can use it? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">More than 100 banks' customers are able to use UPI through various applications such as BHIM, Google Pay, Paytm, PhonePe, and mobile banking applications </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The BHIM app has now enabled the UPI LITE feature, which is currently available to customers of eight banks </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">How to check transaction history? </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Open app&gt; Home screen &gt; Click on view transaction history </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">You will receive an SMS daily containing the history of UPI LITE transactions carried out during the day from the bank </td></tr></tbody></table>

Explained: How UPI LITE makes small payments faster & easier

Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, has enabled lightning-fast payments that never fail with <keyword id="13424650" type="General" weightage="100" keywordseo="upi-lite" source="Orion">UPI LITE</keyword>, making way for small-value payments of up to ₹200 in a single click. Recently, <keyword id="16849375" type="General" weightage="50" keywordseo="novelist-durjoy-datta" source="Orion">Novelist Durjoy Datta</keyword> tweeted how <keyword id="16361842" type="General" weightage="80" keywordseo="paytm-upi-lite" source="Orion">Paytm UPI LITE</keyword> made his small payments easier, which was supported by his fellow author <keyword id="154262" type="General" weightage="80" keywordseo="ravinder-singh" source="Orion">Ravinder Singh</keyword>. In a tweet, Novelist and Screenwriter, Durjoy Datta explained how Paytm UPI LITE made payments easier for him. "Today I wanted to take an auto ride aur auto wale bhaiya ne bola cash nahi, Paytm kardo! And ofcourse he had @Paytm QR Code. So I used my recent favourite service #PaytmUPILITE. Single click, and it never fails. Ka-ching and Done!,” he said in a tweet. <div type="twitter" handle="durjoydatta" handlename="Durjoy Datta" image="http://pbs.twimg.com/profile_images/1115431439229706241/1aXVRCkb_normal.jpg" favoritecount="345" retweetcount="232" status="Today I wanted to take an auto ride aur auto wale bhaiya ne bola cash nahi, Paytm kardo! And ofcourse he had @Paytm… https://t.co/ipVtvLCxjb" createdat="1679051476000" id="1636686635306713088"></div> Paytm UPI LITE payments never fail even during peak transaction hours, when banks have success rate issues. It is powered by the latest <keyword id="16802171" type="General" weightage="50" keywordseo="upi-lite-technology" source="Orion">UPI LITE Technology</keyword> for successful payments, which offers 3-level bank-grade security. Fellow author Ravinder Singh agreed to Datta's tweet, and replied saying that with Paytm UPI LITE Indian digital economy was growing and evolving. "True that, have experienced the #PaytmUPILite myself as well. Happy to see Indian digital economy growing and evolving, probably the fastest. Guess what, such things are missing in several developed countries ahead of us. Kudos @vijayshekhar," Ravinder Singh, storyteller, content creator, and speaker, said in a quote tweet to Datta's tweet. <div type="twitter" handle="_RavinderSingh_" handlename="Ravinder Singh" image="http://pbs.twimg.com/profile_images/1358630124673847300/IS8748v2_normal.jpg" favoritecount="665" retweetcount="542" status="True that, have experienced the #PaytmUPILite myself as well. Happy to see Indian digital economy growing and evol… https://t.co/pa8fgXkHsd" createdat="1679059758000" id="1636721371479949312"></div> Paytm UPI LITE has revolutionised the way Indians pay for small-value transactions. It is designed to make everyday payments hassle-free, quick and seamless. It provides a superior and reliable user experience as the chance of transaction failure is also lower, making it a more dependable option for users. Payments made using UPI LITE will not be shown in the passbook, offering an uncluttered bank statement for the user. Paytm UPI LITE is an 'on-device wallet' which enables real-time small value payments which reduces the load on the core banking system. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Durjoy Datta tweets about Paytm UPI LITE making payments faster and easier, fellow author Ravinder Singh responds

Homegrown <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> Payments Bank Limited (PPBL) on Wednesday said it has gone live with <keyword id="13424650" type="General" weightage="20" keywordseo="upi-lite" source="Orion">UPI LITE</keyword>, a feature enabled by the National Payments Corporation of India (NPCI) for multiple small-value <keyword id="4052276" type="General" weightage="20" keywordseo="upi-transactions" source="Orion">UPI transactions</keyword>. It will enable faster real-time transactions with a single click through Paytm. With UPI LITE, the Bank aims to drive the adoption of digital payments across the country. Once loaded, a UPI LITE wallet allows a user to do instant transactions of up to ₹200 in a seamless way. A maximum of ₹2,000 can be added twice in a day to UPI LITE, making the cumulative daily usage up to ₹4,000. Additionally, with UPI LITE, users can carry out a large number of small value UPI payments without worrying about a cap on the number of bank transactions, said the company. "As per official data from NPCI, half of the everyday UPI transactions in the country are less than ₹200 and with UPI LITE, users get superior experience with faster and safer real-time small value payments. We are focussed on driving digital inclusion and the launch of UPI LITE is a big step ahead in that direction," said Surinder Chawla, MD and CEO, Paytm Payments Bank. 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. "This will further improve the success rate of transactions, enhancing the user experience, and taking us one more step closer to processing a billion transactions a day on the UPI platform," said Praveena Rai, COO, NPCI. Paytm Payments Bank recently announced that users can receive and send money instantly to any mobile number with a registered UPI ID across platforms using the Paytm app. PPBL remained the largest UPI beneficiary bank for 19 months in a row with over 1,726.94 million transactions in December 2022, ahead of all major banks in the country. With 386.5 million registered transactions, the Bank is one of the top 10 remitter banks for UPI transactions, according to NPCI's latest report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/hdfc-mf-launches-mnc-fund-that-offers-portfolio-diversification-opportunities/articleshow/97920631.cms">HDFC MF launches MNC fund that offers portfolio diversification opportunities</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/bengaluru-mumbai-sunshine-locations-for-hiring-in-q4-teamlease-report/articleshow/97919259.cms">Bengaluru, Mumbai sunshine locations for hiring in Q4: Teamlease report</a>

Paytm Payments Bank goes live with UPI LITE to boost small-value UPI transactions

<keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> <keyword id="13424650" type="General" weightage="20" keywordseo="upi-lite" source="Orion">UPI LITE</keyword> enables users with quick and seamless transactions at a lightning fast speed on <keyword id="13945656" type="General" weightage="20" keywordseo="paytm-super-app" source="Orion">Paytm Super App</keyword>. Users can carry out multiple transactions of smaller values of up to ₹200 at one point. It allows users to add a maximum of ₹2,000 twice a day, resulting in a total daily usage of up to ₹4,000, at a single tap. Paytm <keyword id="6358921" type="General" weightage="20" keywordseo="upi" source="Orion">UPI</keyword> LITE offers faster real-time transactions as no 4-6 digit PIN is required to make any payment. Owing to the ease, convenience, superior user experience, security and interoperability, Paytm UPI is the most preferred choice of users. Paytm UPI LITE is an 'on-device wallet' which enables real-time small value payments which reduces the load on the core banking system. Currently, customers of UPI can only set up UPI LITE accounts. Also, users need to ensure that their bank supports UPI LITE features. Users can transfer UPI balance back to the same bank account anytime, without incurring any charges. It also declutters bank statements, with only one entry for all UPI LITE payments. Paytm UPI LITE aims to make smaller value transactions hassle-free, quick and seamless. It also improves the success rate for UPI transactions while reducing the infrastructure load on the remitter bank’s systems. The process is so simple that users will be able to make smaller value transactions while paying for the groceries or topping up the phone balance with one-click single-factor authentication. Making the entire experience quick and seamless, the company enables the users to conduct multiple transactions in a day up to ₹4,000 in a single click without worrying about cap on the number of bank transactions. Paytm is the fastest in the industry with one of the lowest transaction failure rates in carrying out UPI transactions. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Paytm makes single click payments possible with UPI LITE – you can now make UPI payments up to ₹200 without pin

<keyword id="3236791" type="General" weightage="20" keywordseo="paytm-payments-bank" source="Orion">Paytm Payments Bank</keyword>'s latest move to enable <keyword id="13424650" type="General" weightage="20" keywordseo="upi-lite" source="Orion">UPI LITE</keyword> payments on the <keyword id="13945656" type="General" weightage="20" keywordseo="paytm-super-app" source="Orion">Paytm Super App</keyword> has been met with a positive response from users, who are hailing the speedy and efficient transaction experience. The move is expected to accelerate the adoption of digital payments across India and further cement <keyword id="6357120" type="General" weightage="100" keywordseo="paytm" source="Orion">Paytm</keyword>'s position as India’s leading digital payments company. Paytm Payments Bank is the first payments bank in India to offer <keyword id="6358921" type="General" weightage="20" keywordseo="upi" source="Orion">UPI</keyword> LITE payments, a feature that allows users to make small-value transactions of up to ₹200 in real-time, without the need for UPI PIN for each payment. This feature has been developed by the National Payments Corporation of India and is set to revolutionize the way small-value transactions are made in the country. Several users have taken to social media to share their experience of making lightning-fast payments with UPI LITE on the Paytm App with a single tap. The seamless and hassle-free transaction process has won the hearts of many. <div type="twitter" handle="RajivMakhni" handlename="Rajiv Makhni" image="http://pbs.twimg.com/profile_images/1257613010/TECH-Ad-2_smaller_normal.jpg" favoritecount="474" retweetcount="187" status="Tech makes life AmazingFast UPI payment, no UPI Pin, no failures, no bank entry. Enabled by new UPI Lite mode on… https://t.co/uXinCYRlhs" createdat="1677403767000" id="1629775640416198656"></div> Renowned tech expert Rajiv Makhni hailed Paytm UPI LITE as a brilliant innovation. “Tech makes life Amazing Fast <keyword id="4361463" type="General" weightage="20" keywordseo="upi-payment" source="Orion">UPI payment</keyword>, no UPI Pin, no failures, no bank entry. Enabled by new UPI Lite mode on Paytm. 1 bank account linked, max UPI wallet balance of 2k. Interesting experience. Try it now,” he tweeted. Varun Krishnan, the founder of tech site FoneArena, highlighted that all payments up to Rs 200 are faster and fail-proof on Paytm with UPI LITE. <div type="twitter" handle="varunkrish" handlename="Varun Krishnan #MWC23" image="http://pbs.twimg.com/profile_images/1592981555252629504/RCHtZF0X_normal.jpg" favoritecount="233" retweetcount="183" status="According to NPCI more than 50% of UPI transactions are below ₹200! @Paytm has now added support for UPI Lite. All… https://t.co/zhNRbh0Xfw" createdat="1677406618000" id="1629787600016769028"></div> “Made the first payment using UPI LITE No PIN required, super fast. Great experience. Paytm has done a perfect job,” a user, Paurush Rawat, tweeted. Rawat shared a screenshot from the Paytm App showing a transaction of ₹85 made with UPI LITE. <div type="twitter" handle="paurushrawat" handlename="CA Paurush Rawat" image="http://pbs.twimg.com/profile_images/1028537438094991360/IsXsgBQT_normal.jpg" favoritecount="55" retweetcount="11" status="Made the first payment using #UPILite No PIN required, super fast. Great experience. @paytm has done a perfect job… https://t.co/uLs4IafCdZ" createdat="1676649205000" id="1626610781180805132"></div> The UPI LITE feature on the Paytm Super App provides a superior and reliable user experience with faster real-time payments for small-value transactions. The chance of transaction failure is also lower, making it a more dependable option for users. Additionally, payments made using UPI LITE will not be shown in the passbook, offering an uncluttered bank statement for the user. <div type="twitter" handle="mayurshetty01" handlename="Mayur Shetty TOI" image="http://pbs.twimg.com/profile_images/1531492780148932608/BhjQsNQ__normal.jpg" favoritecount="70" retweetcount="7" status="Tried UPI lite for the first time. Works superfast. Quicker than tap to pay." createdat="1676962683000" id="1627925600425119744"></div> Twitter user Mayur Shetty, who tried UPI LITE on Paytm Super App, appreciated the transaction speed. “Tried UPI LITE for the first time. Works superfast. Quicker than tap to pay.” he wrote. <div type="twitter" handle="JayminSOfficial" handlename="Jaymin Shah" image="http://pbs.twimg.com/profile_images/1146418566272393216/KL_VLmLM_normal.png" favoritecount="571" retweetcount="512" status="Tried UPI Lite on Paytm today. What an idea @Paytm. No more awkward looks from shopkeepers due to buffering screens… https://t.co/nfnqouEVcz" createdat="1677305699000" id="1629364313646325762"></div> “Tried UPI Lite on Paytm today. What an idea Paytm. No more awkward looks from shopkeepers due to buffering screens or stuck payments. Super quick payments that won't fail,” said another Paytm user. Paytm also allows users to transfer any remaining UPI LITE balance to their linked bank account without any additional charges. With UPI LITE, users can carry out a large number of small-value UPI payments in a superfast manner without worrying about a cap on the number of bank transactions. Once loaded, a UPI LITE wallet allows users to do instant transactions of up to ₹200, making the entire experience quick and seamless. A maximum of ₹2,000 can be added twice a day to UPI LITE, making the cumulative daily usage up to ₹4,000. Paytm UPI provides a superfast and secure transaction experience, making it a popular choice for users across India. The addition of UPI LITE on the Paytm Super App is set to further enhance the user experience, making digital payments more accessible, reliable, and convenient for everyone. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

Internet hails Paytm's lightning-fast payments with UPI LITE — here's how you can use it

India’s digital payments and <keyword id="1011037" type="General" weightage="20" keywordseo="qr-code" source="Orion">QR code</keyword> pioneer <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword> is known for enabling quick and convenient UPI payments for users with one of the best <a href="https://www.npci.org.in/what-we-do/upi/upi-ecosystem-statistics#innerTabFourFeb23">success rate</a> in the industry. This feat has not gone unnoticed by its millions of users, who have taken to social media to laud the fintech giant’s efficiency and speed. Paytm has always been at the forefront of innovation and has been able to optimize its UPI infrastructure to ensure that transactions are completed in the shortest possible time, with a <a href="https://www.npci.org.in/what-we-do/upi/upi-ecosystem-statistics#innerTabFourFeb23">success rate</a> that is unmatched by any other platform in the industry. Paytm Payments Bank, which owns <keyword id="6076084" type="General" weightage="20" keywordseo="paytm-upi" source="Orion">Paytm UPI</keyword>, recently won the Shrestha Puraskar award from the Ministry of Electronics and Information Technology (MeitY), for maintaining one of the lowest average technical decline rates in UPI transactions. Further, by being the first to launch UPI LITE, Paytm has once again demonstrated its commitment to innovation and user satisfaction. <div type="twitter" handle="pranavdotexe" handlename="Pranav🚀" image="http://pbs.twimg.com/profile_images/1610852058953048064/pvkKEoId_normal.jpg" favoritecount="0" retweetcount="0" status="1. I don't want to render a whole super app just to do a UPI payment -- GPay wins over here2. Need higher success… https://t.co/lRYEtJ5XGo" createdat="1677918570000" id="1631934880803336193"></div> “Need higher success and low bank server down scenarios - Paytm’s working better for me. Don't want to put in a pin every time I send 10 rupees - Paytm has a product,” tweeted a user recently. <div type="twitter" handle="suryak_mishra" handlename="Suryakant" image="http://pbs.twimg.com/profile_images/1617570764076777473/l9zDsyjz_normal.jpg" favoritecount="0" retweetcount="0" status="UPI Lite could be a game changer. easy to use and cluster-free passbook.#UPI #Paytm" createdat="1677669896000" id="1630891869797330946"></div> With <keyword id="16361842" type="General" weightage="100" keywordseo="Paytm-UPI-LITE" source="Orion">Paytm UPI LITE</keyword>, the company has empowered users with quick and seamless transactions at a lightning-fast speed on Paytm Super App. Users can carry out multiple transactions of smaller values of up to ₹200. Paytm UPI LITE is an ‘on-device wallet’ that allows users to add a maximum of ₹2,000 twice a day, resulting in a total daily usage of up to ₹4,000, at a single tap. <div type="twitter" handle="harishsai21" handlename="Harish N" image="http://pbs.twimg.com/profile_images/1516983664625676290/XZZE6ZhK_normal.jpg" favoritecount="10" retweetcount="0" status="UPI lite on Paytm may be a game changer in increasing their overall market share. take note, almost an irreversib… https://t.co/Ty5wX1DvSl" createdat="1677689075000" id="1630972312039358466"></div> <div type="twitter" handle="kis_cryptoverse" handlename="Kishan Srivastava" image="http://pbs.twimg.com/profile_images/1522913561122533376/GPLVO-1R_normal.jpg" favoritecount="84" retweetcount="2" status="@Ravisutanjani UPI lite is basically a new version of Paytm walletOld wine in new bottleBut yes its actually go… https://t.co/BIyFDif9AI" createdat="1677263489000" id="1629187271542059009"></div> Speaking about his experience using Paytm UPI LITE, a user said, “It’s actually good and saves the time wasted due to bank servers being down and payment failure.” <div type="twitter" handle="notionhead" handlename="Notionhead ✨ (Soumya)" image="http://pbs.twimg.com/profile_images/1619766176090923008/2p_F6Xbg_normal.jpg" favoritecount="0" retweetcount="0" status="@aakashprakash @Ravisutanjani @theweb3sharma Never had a single transaction failure on Paytm in the last 7 years." createdat="1677441260000" id="1629932899964166144"></div> Paytm UPI LITE offers faster real-time transactions as no 4-6 digit PIN is required to make any payment. Paytm UPI is the most preferred choice of users owing to its ease, convenience, superior user experience, security and interoperability. <div type="twitter" handle="LKaluvala" handlename="Expect us" image="http://pbs.twimg.com/profile_images/1554309001914920960/KUgGMlt5_normal.jpg" favoritecount="0" retweetcount="0" status="@Ravisutanjani Paytm has more success rate in payment . I don't use phone pe as much as i use paytm. Paytm is all in one" createdat="1677433846000" id="1629901800911564800"></div> Paytm UPI LITE will never fail even during peak transaction hours, even when banks have success rate issues. <div type="twitter" handle="Rofl_babuu" handlename="ROFL" image="http://pbs.twimg.com/profile_images/1478602082370441218/g0lrMx_n_normal.jpg" favoritecount="2" retweetcount="1" status="@Ravisutanjani I always use this feature of Paytm. Add 500 or any amount in Paytm wallet. Use this to pay at grocer… https://t.co/5Kwsj2qyQF" createdat="1677278910000" id="1629251952956588034"></div> Appreciating the convenience of using Paytm UPI LITE, a twitter user recently wrote, “I always use this feature of Paytm. Add 500 or any amount in Paytm wallet. Use this to pay at grocery stores, canteen, diary, stationary etc. Paytm within 1-2 secs. No failure. No Pin. Clean bank statement” Transactions made through UPI LITE will be deducted from the UPI LITE balance and not from the linked bank account. This reduces the number of frequent debit entries in the bank passbook when users make small-value payments. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on insiderstudios@businessinsider.in

From most credible UPI success rate to no PIN for small value payments – here’s why users believe Paytm is India’s fintech pioneer

<ul><li><keyword id="6358921" type="General" weightage="20" keywordseo="upi" source="Orion">UPI</keyword> credit will allow individuals to access pre-authorised credit lines from banks marking a significant shift for customers.</li><li>UPI Lite X will enable users to send and receive money even without an internet connection. </li><li>Conversational <keyword id="3679109" type="General" weightage="20" keywordseo="upi-payments" source="Orion">UPI payments</keyword> will enable voice-initiated transactions in Hindi and English.</li></ul>Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), unveiled a range of new product offerings developed by the National Payments Corporation of India (NPCI) including voice enabled UPI as he had promised in the <a href="https://www.businessinsider.in/finance/news/cash-card-or-talk-rbi-bats-for-conversational-upi-increased-offline-payments/articleshow/102599474.cms">last RBI Monetary Policy</a>. The launch will help UPI stride ahead in ease of use as currently it involves QR code scanning, clicking and entering PIN for each transaction. We take a closer look. <cmsannotation type="cmsannotation" annotationid="Credit Line on UPI" comment="subhead" text="Credit Line on UPI">Credit Line on UPI</cmsannotation> This solution will empower individuals to access pre-authorised credit lines from banks through UPI, marking a significant shift in how customers access credit. The initiative encompasses several aspects, including the integration of pre-approved credit lines, the development of digital credit products by banks, the provision of interest-free credit periods with corresponding interest rates, a transparent fee schedule, channels for customer engagement in credit approval requests, and the ability to link multiple pre-approved credit lines through UPI-enabled apps for transactions. To ensure seamless compatibility, all UPI apps, whether from banks or third parties, will possess the capability to discover and establish connections with these credit lines on the UPI platform while delivering comprehensive customer lifecycle services. <cmsannotation type="cmsannotation" annotationid="UPI LITE X for offline payments" comment="subhead" text="UPI LITE X for offline payments">UPI LITE X for offline payments</cmsannotation> Building on the success of the UPI LITE feature, the RBI Governor has introduced UPI LITE X for offline payments. This new feature enables users to send and receive money even without an internet connection, making it possible to initiate and complete transactions in areas with limited connectivity, such as underground stations or remote regions. UPI LITE X is accessible to anyone with a compatible device that supports Near Field Communication (NFC). UPI LITE payments are notably faster compared to other payment methods, as they require less processing time. QR codes have seamlessly integrated into the UPI payments ecosystem, playing a major role in facilitating digital transactions. In a significant move to boost the adoption of QR code and near field communication (NFC) technology, the RBI Governor has introduced UPI Tap and Pay. This new addition, alongside the traditional scan and pay method, allows users to simply tap NFC-enabled QR codes at merchant locations to complete their payments. In September 2022, UPI LITE was launched which allowed users to make payments of up to ₹200. The limit was later raised to ₹500. “As pioneers of mobile payments, we are proud to partner with NPCI to enable the launch of innovative new features like Credit Line on UPI, Billpay Connect and UPI Tap and Pay,” said a Paytm spokesperson. <cmsannotation type="cmsannotation" annotationid="Conversational Payments: AI-driven solution" comment="subhead" text="Conversational Payments: AI-driven solution">Conversational Payments: AI-driven solution</cmsannotation> Conversational Payments, a revolutionary AI-driven approach to digital transactions that will boost digital payment adoption in the country was also announced. <cmsannotation type="cmsannotation" annotationid="Voice-Powered UPI Payments - Hello! UPI" comment="subhead" text="Voice-Powered UPI Payments - Hello! UPI">Voice-Powered UPI Payments - Hello! UPI</cmsannotation> Conversational UPI payments offer an improved user experience by enabling voice-initiated transactions in Hindi and English through UPI Apps, telecom calls, and IoT devices, with plans to include regional languages soon. This expansion aims to make digital payments more accessible, especially for those comfortable in their native languages, such as senior citizens and less tech-savvy individuals. Users can easily execute fund transfers with voice commands, requiring input of their UPI PIN. <cmsannotation type="cmsannotation" annotationid="Streamlined Bill Payments - BillPay Connect" comment="subhead" text="Streamlined Bill Payments - BillPay Connect"> Streamlined Bill Payments - BillPay Connect </cmsannotation> BillPay Connect, offered by Bharat BillPay, introduces a unified number for bill payments across India. Customers can now efficiently fetch and settle their bills by sending a simple 'Hi' via their messaging app. Additionally, customers without smartphones or immediate mobile data access can make payments via a missed call, receiving an immediate callback for verification and payment authorisation. BillPay Connect also introduces voice assisted bill payments, enabling customers to handle bills through voice commands on their smart home devices, with instant voice confirmations. Furthermore, this feature extends to bill payments made at physical collection centres using payment soundbox devices, enhancing security and trust for both customers and collection centres. Also Read: <a href="https://www.businessinsider.in/finance/webstories/indias-upi-is-spreading-its-wings/slidelist/103356013.cms">From Paris to Singapore to Tokyo – India’s UPI is spreading its wings</a>

UPI parent body makes payments easier – Now voice commands will also enable transactions and more

<keyword id="399907" type="General" weightage="20" keywordseo="Meta" source="Orion">Meta</keyword> (formerly <keyword id="6354576" type="General" weightage="20" keywordseo="facebook" source="Orion">Facebook</keyword>) has reportedly given thousands of employees "subpar ratings" in a latest round of performance reviews, possibly setting the stage for more layoffs at the company. The Wall Street Journal, citing people familiar with the matter, reported that the leadership at Meta "expects the ratings to lead more employees to leave in the coming weeks". "The company will consider another round of layoffs if not enough depart," according to the report. Meta managers gave approximately 10 per cent of employees a rating of "meets most", which is the second lowest performance rating at the company. The lowest rating "meets some" is rare. "Within Meta, some employees take such a rating as a sign to look for new work opportunities," said the report, citing sources. The performance ratings reveal that more job cuts are likely to happen at the social network. A company spokesperson was quoted as saying that "we have always had a goal-based culture of high performance, and our review process is intended to incentivise long-term thinking and high-quality work, while helping employees get actionable feedback". Zuckerberg told investors last month that the company is "working on flattening our org structure and removing some layers of middle management to make decisions faster as well as deploying AI tools to help our engineers be more productive". Since last year, Meta executives have suggested that low performers wouldn't last at the company. "Realistically, there are probably a bunch of people at the company who shouldn't be here," Zuckerberg had said. After firing 11,000 employees in November last year, Meta (formerly Facebook) is reportedly planning to reduce headcount further in its "year of efficiency", reported Financial Times earlier this week. As a result, staff have complained that "zero work" is getting done as managers have been unable to plan their coming workloads, the report noted. Meta did not comment on reports about upcoming layoffs. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/how-upi-lite-can-make-it-faster-and-easier-to-make-small-payments/articleshow/98035931.cms">Explained: How UPI LITE makes small payments faster &amp; easier</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/5g-ambulances-act-as-icus-on-bed-says-medical-provider-medulance-who-secured-2-crore-funding-on-shark-tank-india/articleshow/98024547.cms">5G ambulances act as ICUs on bed, says medical provider Medulance who secured ₹2 crore funding on Shark Tank India</a>

Meta gives thousands of workers 'subpar' performance ratings, more layoffs likely

<ul><li>The Memory Saver frees up memory from inactive tabs</li><li><keyword id="14563754" type="General" weightage="20" keywordseo="energy-saver-mode" source="Orion">Energy Saver mode</keyword> unloads inactive tabs from memory.</li><li>Below, find out steps to enable <keyword id="182214" type="General" weightage="20" keywordseo="google-chrome" source="Orion">Google Chrome</keyword> energy and memory saver modes.</li></ul>Although Google <keyword id="30001" type="General" weightage="100" keywordseo="chrome" source="Orion">Chrome</keyword> is the most popular internet browser, users have frequently criticized it for using up too many system resources. However, in recent years, the developers of Chrome have attempted to address the issue by optimizing the amount of CPU and RAM that it consumes. Now, Google has introduced a new energy and memory-saving mode for Chrome on Windows, Mac, ChromeOS, and Linux. This new feature is designed to decrease the amount of power used and lower the demand for system resources. <cmsannotation type="cmsannotation" annotationid="Google Chrome energy and memory saver" comment="subhead" text="Google Chrome energy and memory saver">Google Chrome energy and memory saver</cmsannotation> The new ‘Performance’ tab on Chrome's settings page contains the Memory Saver feature, which unloads inactive tabs from memory, automatically reloading them when the user returns to the tab. Users can also whitelist certain websites to prevent them from being affected by Memory Saver, a useful feature for websites with real-time updates. Additionally, the ‘Energy Saver’ feature can be found on the same page. When enabled, Chrome limits its background activity, disables certain animations and video frame rates, and turns off the smooth scrolling feature to save battery life. Users can choose to turn on the Energy Saver feature as soon as their computer is unplugged or when the battery drops below 20%. The new feature is available in the latest Chrome version (v110), but Google is still rolling it out to some users, so it may not appear in the Chrome settings for all users immediately. <cmsannotation type="cmsannotation" annotationid="How to enable Energy Saver mode on Google Chrome" comment="subhead" text="How to enable Energy Saver mode on Google Chrome">How to enable Energy Saver mode on Google Chrome</cmsannotation> In order to turn on Energy Saver mode simply follow the given instructions- <ul><li>Tap on the three-dot menu in the top-right corner of Chrome.</li><li>Now tap on settings and open the Preference tab from the left side.</li><li>From there, you can choose to have the feature activated at any time on your computer.</li></ul><cmsannotation type="cmsannotation" annotationid="How to use Chrome’s Memory Saver mode" comment="subhead" text="How to use Chrome’s Memory Saver mode">How to use Chrome’s <keyword id="16594767" type="General" weightage="20" keywordseo="memory-saver-mode" source="Orion">Memory Saver mode</keyword></cmsannotation> To turn on Memory Saver mode follow the given steps- <ul><li>Tap on the three-dot menu which is available in the top right corner.</li><li>Then select Setting and open the Performance tab from the left side.</li><li>Now, you will see the Memory Saver option and you can toggle it to turn it on.</li></ul>Also, you can add specific sites that you want to run on Memory Saver mode, just by clicking on Add tab. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/oneplus-11-concept-video-reveals-a-large-camera-and-a-rear-panel-that-lights-up/articleshow/98112845.cms">OnePlus 11 Concept video reveals a large camera and a rear panel that lights up</a> <a href="https://www.businessinsider.in/finance/news/how-upi-lite-can-make-it-faster-and-easier-to-make-small-payments/articleshow/98035931.cms">Explained: How UPI LITE makes small payments faster &amp; easier</a>

Google Chrome rolls out Memory and Energy Saver modes: Here’s how you can use it

<ul><li>Tipster claims <keyword id="104695" type="General" weightage="80" keywordseo="qualcomm" source="Orion">Qualcomm</keyword>’s next-generation flagship SoC could launch earlier than expected.</li><li><keyword id="16594090" type="General" weightage="20" keywordseo="Snapdragon-8-Gen-3" source="Orion">Snapdragon 8 Gen 3</keyword> could arrive as early as October.</li><li>The new chip may use a new, more energy-efficient core configuration.</li></ul>Qualcomm recently announced the <keyword id="1246180" type="General" weightage="100" keywordseo="snapdragon" source="Orion">Snapdragon</keyword> 8 Gen 2 SoC in November 2022, but now there are reports that the company is preparing to release its next processor, potentially called the Snapdragon 8 Gen 3. According to a recent report, the new chipset may be launched ahead of its original schedule, possibly in the final quarter of 2023. A well-known leaker, Digital Chat Station, recently took to <a href="https://weibo.com/6048569942/MsOUvgZ5w">Weibo</a>, a Chinese microblogging site, to reveal that the next Qualcomm Snapdragon 8 Gen 3 SoC is expected to launch in the fourth quarter of this year, earlier than its predecessor did last year. Despite being several months away from launch, the upcoming 8 Gen 3 SoC is anticipated to deliver better performance while consuming less power. A Korean tech <a href="https://meeco.kr/mini/36778139">forum</a> has posted Geekbench scores of the new SoC, indicating that it will provide roughly 25 percent better CPU performance than the previous 8 Gen 2 SoC. <cmsannotation type="cmsannotation" annotationid="Expected upgrades on the Snapdragon 8 Gen 3" comment="subhead" text="Expected upgrades on the Snapdragon 8 Gen 3">Expected upgrades on the Snapdragon 8 Gen 3</cmsannotation> Although there haven't been any confirmed details or specifications on what improvements Qualcomm is developing, it's certain that the upcoming processor will be built using a 3nm process. The expected benefits of the new 3nm process include better performance and a significant 35% improvement in energy efficiency, which will have a positive impact on battery life. It's highly likely that the upcoming chip will feature support for the new <keyword id="15973026" type="General" weightage="50" keywordseo="snapdragon-satellite" source="Orion">Snapdragon Satellite</keyword> technology, which Qualcomm introduced at CES 2023. This technology enables emergency communication even in the absence of a regular mobile signal and, in the future, will facilitate basic two-way messaging as well. As we await the release of the Snapdragon 8 Gen 3 chipset, we can speculate about the possible phones that will feature this new chip. Although there are no official announcements, we can make some predictions based on the previous generation of Snapdragon chips that were included in phones such as the Vivo X90 Pro+, OnePlus 11, Xiaomi 13, and Samsung S23 Ultra. It's highly likely that the successors of these phones will feature the new Snapdragon 8 Gen 3 chipset. Moreover, other smartphone brands such as Motorola, Oppo, and Samsung may also include this chip in their upcoming flagship devices. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/oneplus-11-concept-video-reveals-a-large-camera-and-a-rear-panel-that-lights-up/articleshow/98112845.cms">OnePlus 11 Concept video reveals a large camera and a rear panel that lights up</a> <a href="https://www.businessinsider.in/finance/news/how-upi-lite-can-make-it-faster-and-easier-to-make-small-payments/articleshow/98035931.cms">Explained: How UPI LITE makes small payments faster &amp; easier</a>

Qualcomm's Snapdragon 8 Gen 3 flagship chip may hit the market earlier than expected

<ul><li>Since May 2022, the EMI per lakh has gone up from ₹899 to ₹1,044. </li><li>Consider refinancing only if you stand to gain at least 50 to 100 bps reduction on your current loan. </li><li>You may choose to prepay your loan or pay extra EMI every quarter or little over your regular EMI every month. </li></ul>After RBI raised the repo rate by 25 basis two points two weeks ago, most banks have raised their interest rates. Between May 2022 and February 2023, the RBI has raised the repo rate by 250 bps. The banks have transmitted almost all the rate hikes, or are in the process of doing so in the next few weeks. This means the interest per lakh on a 15-year loan has gone up from approximately ₹62,000 to approximately ₹87,000. The EMI per lakh has gone up by 16%, from ₹899 to ₹1044. So, for a ₹50L loan for 15 years, your EMI would have gone up from ₹44,941 at 7% to ₹52,211 at an interest rate of 9.5%. Prepaying your <keyword id="6354730" type="General" weightage="20" keywordseo="home-loan" source="Orion">home loan</keyword> can reduce the EMI burden: In case of existing borrowers, lenders typically tend to increase the tenor of the loan instead of the EMI. However, for a loan with 15-year outstanding, a 2.5% increase means an increase of 7 years and 6 months. “So, unless you have been pre-paying diligently, and probably despite that, the lender may not have enough room to extend the tenor alone. So, it is inevitable that the EMI would have gone up. In this situation, the only alternative is to pre-pay aggressively,” says Adhil Shetty, BankBaazar.com. “The time to repay slowly at 7% and invest in instruments providing 10-12% returns is over. You need to make a prepayment plan that works for you and start prepaying your loan. The idea isn’t to liquidate all existing investments to close the loan, but to prepay strategically to minimize the impact of the hike,” says Shetty. He suggests choosing to prepay 5% of your outstanding principal each year. This has the potential to reduce a 20-year loan to 13 years. Alternatively, you can pay an extra EMI every quarter or little over your regular EMI every month. You can decide how to do this based on your finances and liquidity. Consider refinancing your home loan: “As a thumb rule, consider refinancing only if you stand to gain at least 50 to 100 bps reduction on your current loan. Refinancing your loan is similar to applying for a new loan and has all the incumbent expenses such as processing fees, MOD charges, legal fees, etc. So make sure you account for these expenses when you transfer your loan,” says Shetty. Use a home loan refinance calculator to calculate how much you would save on interest when you switch. Factor in the penalties, fees, and charges to get a realistic estimate. Also negotiate with your lender for better rates before opting for refinancing. “One must switch the loan early on during the tenure. If you do so after 5 years or so, you would have already paid off most of the interest amount,” says Atul Monga, co-founder and CEO, BASIC Home Loan. The minimum rate at which you can get a loan depends on your credit score. Lenders charge anywhere between 50 to 200 bps as credit risk premium over the benchmark-linked rate. “So if your credit score has improved over time, you may be able to refinance to get a lower rate of interest. This is particularly significant if you didn’t have a credit score and your home loan was your first loan,” adds Shetty. Ways to lower your interest rates: “If you are a new borrower, the best way to avail of lower interest rates is to make a higher down payment. If you do not have too much of a surplus income but have an excellent CIBIL score, lenders may offer you lower interest rates,” says V Swaminathan, executive chairman, Andromeda Loans. This is because your credit history reflects that you have a good record of paying back debts. However, if you have poor credit scores or an unsteady source of income, you are viewed as an untrustworthy borrower. In such a situation you may have to take a home loan from a NBFC instead of a bank. Currently, if your CIBIL score is above 800, you are eligible to get a home loan at 9.15% interest from SBI. However, if your credit score is between 700-749, the interest rate is 9.35%. For an even lower credit score of 55-649, the interest rate is 9.65%. If you are planning to borrow in the coming year, take this time to build up a solid credit score and history to get a loan at lower interest rates. SEE ALSO <a href="https://www.businessinsider.in/finance/news/how-upi-lite-can-make-it-faster-and-easier-to-make-small-payments/articleshow/98035931.cms">Explained: How UPI LITE makes small payments faster &amp; easier</a> <a href="https://www.businessinsider.in/finance/news/demand-supply-mismatch-pushes-home-rents-across-india-by-13-5-in-2022-magicbricks/articleshow/97804664.cms">Demand-supply mismatch pushes home rents across India by 13.5% in 2022: Magicbricks</a>

You Searched For "upi lite faster" and got 11 results

Explained: How UPI LITE makes small payments faster & easier

Rahul

Anagh

Durjoy Datta tweets about Paytm UPI LITE making payments faster and easier, fellow author Ravinder Singh responds

Insider Studios

Paytm Payments Bank goes live with UPI LITE to boost small-value UPI transactions

IANS

Paytm makes single click payments possible with UPI LITE – you can now make UPI payments up to ₹200 without pin

Insider Studios

Internet hails Paytm's lightning-fast payments with UPI LITE — here's how you can use it

Insider Studios

From most credible UPI success rate to no PIN for small value payments – here’s why users believe Paytm is India’s fintech pioneer

Insider Studios

UPI parent body makes payments easier – Now voice commands will also enable transactions and more

Anagh Pal

Meta gives thousands of workers 'subpar' performance ratings, more layoffs likely

IANS

Google Chrome rolls out Memory and Energy Saver modes: Here’s how you can use it

Rahul Verma

Qualcomm's Snapdragon 8 Gen 3 flagship chip may hit the market earlier than expected

Rahul Verma

Look to refinance your home loan to save on EMI payments

Anagh Pal

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