Paytm launches UPI Lite auto top-up for everyday payments under Rs 500

Vijay Shekhar Sharma-led Paytm has introduced an innovative feature, UPI LITE Auto Top-up, designed to streamline everyday payments under Rs 500.

The feature caters to users looking for a fast, hassle-free solution for recurring transactions like transportation, food, and groceries.

Announced Monday, it supports seamless PIN-less payments and automatic balance refills when funds dip below a user-defined threshold.

Transforming daily payments

Paytm UPI LITE Auto Top-up is a game-changer for those managing frequent, small-value payments. Users can make PIN-free transactions up to Rs 500 each, with a daily cap of Rs 2,000. This eliminates delays often caused by manual authentication processes.

Additional benefits include a clutter-free bank statement, as small payments process through an on-device wallet rather than the main bank account. Users can also access detailed UPI transaction records, improving financial tracking and budgeting.

Key features and convenience

1. PIN-less payments: Quick payments for transactions under ₹500, including transport and beverages, no PIN required.
2. Automatic balance recharge: Users set a minimum balance, triggering automatic top-ups.
3. Enhanced financial clarity: Small transactions are isolated, keeping primary bank statements clear.
4. Comprehensive tracking: A downloadable UPI statement helps users monitor all transactions.

"With UPI LITE Auto Top-up, users can make their daily payments faster and more seamless. It allows small, recurring transactions without overwhelming main bank statements," a Paytm spokesperson said.

The feature currently works with Yes Bank and Axis Bank accounts but will soon expand to all users and partnered banks.

How to activate UPI LITE Auto Top-up?

1. Download the Paytm app and link your bank account.
2. Create a UPI handle and set a top-up limit.
3. Add funds to your UPI LITE balance to enable PIN-less transactions.