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    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

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    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Gupshup.io enables UPI payments on feature phones; Accelerates financial inclusion for 320 mn feature phones users

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Karbon Card, a B2B payment solution provider, has launched the country’s first mobile-based expense management card.

    Manappuram Finance launches digital money lending app

    Manappuram Finance launches digital money lending app

    India records over 23 billion digital payments worth Rs 38.3 lakh crore in Q3

    UPI to account for 90% of retail digital payments by 2026-27: PwC India report

    Credit card numbers continue to slip after RBI’s deactivation order

    Google Pay launches RuPay credit cards support on UPI in India

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

    Paytm launches UPI SDK to enable customers pay directly within the merchant app

  • BFSI
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    NCUI signs MoU with HCL Foundation for branding support to co-ops

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    EPFO may hire separate consultants for equity and debt portfolios

    EPFO may hire separate consultants for equity and debt portfolios

  • Education
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    30 regional rural banks get education loan cover

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

    IIM-Sambalpur to launch Delhi campus on Saturday, offer courses for working professionals, entrepreneurs

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    Indian Institute of Management Sirmaur (IIMS) collaborates with top French universities to launch two Executive MBA programs for professionals

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    Education and the future of generative AI

    IIT Madras introduces online MTech course for working professionals

    IITs focus more on mental health as suicides rise

  • Enterprise
    Gold loan NBFCs seek ‘priority’ sector status

    Gold loan NBFC Indel Money looks to strengthen presence in western, central India

    RBI response sought on PIL seeking uniform banking code for forex transactions

    Priority Sector Lending target deadline for Urban Cooperative Banks extended

    RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability

    Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

    RBI’s gold reserve up over 40% in five years

    RBI’s gold reserve up over 40% in five years

    Leading NBFCs offer up to 8.84% to attract retail savings

    Rural India throws NBFCs a lifeline in season of lost momentum

    Yes Bank advertising spend to be 30 pc higher in FY24: Official

    Yes Bank aims to expand margins by 100 bps in next 3 years – MD

  • Technology
    Entry of foreign varsities in India will lead to healthy competition: Private Universities’ VCs

    Edtech company LawSikho’s revenue doubles in Fy23, adds new vertical

    5 more banks to join digital rupee pilot in 9 more cities soon

    India’s e-rupee unpopular as central banks push digital currency

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    Snapchat to gain a ChatGPT-powered AI chatbot soon

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    Elon Musk recruits team to develop OpenAI’s ChatGPT rival

    MeitY may soon integrate ChatGPT with WhatsApp for key government schemes

    ChatGPT as lawyer helps design agency recover $109,500 from client who ghosted

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

    Uttar Pradesh signs MoU with Tata Technologies to upgrade 150 state-run ITIs to prepare youth for industry 4.0

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Home Fintech

UPI Lite has gained traction on Paytm, says fintech company

Prashant Dwivedi by Prashant Dwivedi
May 10, 2023
in BFSI, Enterprise, Fintech
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In a first for India, Paytm Payments Bank launches UPI LITE feature
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Fintech major Paytm has garnered six million customers within three months of the launch of UPI Lite on its payments app. Additionally, the company is working on building a co-branded RuPay credit card product with an issuing partner.

In an online session held at its Noida headquarters, Paytm Payments Bank chief executive Surinder Chawla spoke about the adoption of UPI Lite as a payment mode among Paytm’s 90 million monthly transacting users. Abhishek Madan, head of UPI at Paytm, said once the auto addition feature on UPI Lite goes live he expects more people to come on board. “It will operate as a loop, one loads money and uses it and then it automatically loads money again,” he said.

Paytm has seen interest among its users on the new payment features like UPI Lite and RuPay credit cards. The fintech major is also building fresh security features to keep its customers safe from fraudsters.

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Source: Economic Times
Tags: bfsiFintechpaytmpaytm payments bankUPI Lite
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Gold loan NBFCs seek ‘priority’ sector status

Gold loan NBFC Indel Money looks to strengthen presence in western, central India

June 9, 2023
RBI response sought on PIL seeking uniform banking code for forex transactions

Priority Sector Lending target deadline for Urban Cooperative Banks extended

June 9, 2023
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Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das

June 9, 2023
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NCUI signs MoU with HCL Foundation for branding support to co-ops

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