New Delhi [India], One97 Communications Ltd, which owns the popular fintech brand Paytm, said it is now focusing on UPI lite wallet to shift users who are looking for a wallet for low value everyday payments. Paytm UPI Lite acts as an on-device wallet. Allows users to store funds and make payments on the go. It offers fast payments that never fail with no PI requirement. Paytm's UPI Lite wallet is designed for fast, secure and reliable payments, allowing users to make instant, fail-proof transactions up to Rs 500. This service is especially useful for those who make frequent payments.Handle small payments like buying groceries, paying for parking, or paying the daily commute fare. I keep bank statements clutter-free with only a single entry, regardless of the number of payments made, which is an important feature for users who prefer a clean financial overview. Additionally, users have the facility to add up to Rs 2,000 to their account. wallet twice a day, reaching a total daily capacity of Rs 4,000 “This streamlined approach helps users manage their small daily expenses efficiently, without the hassle of multiple entries in their bank passbook with no PIN requirement, Ensures an organized and simplified financial tracking," it said Paytm UPI Lite payments can be enabled on the Paytm app - Go to the Paytm app, and click on the 'Activate UPI Lite' icon on the homepage - Select that bank account that you want to use with UPI Lite - Enter the amount you want to add to UPI Lite to start paying - Validate the MPIN to create your UPI Lite account - UPI Lite account for easy, one-tap payments Setup is done, moreover, to make payment using UPI Lite wallet, users can simply scan the UPI QR code or enter the mobile number or choose one from the contact list. Collaboration between One97 Communications Limited (OCL) and Axis Bank, HDFC Bank, State Bank of India (SBI) and leading Payment System Providers (PSPs).Yes Bank will ensure a robust framework for your UPI transactions Payt said, “We see the wallet as an essential payments tool that lets users carry money for everyday use and make quick payments on the go. Paytm UPI Lite improves this experience, allowing faster transactions at local stores and street vendors, and keeping bank statements clean,” said a Paytm spokesperson. We are committed to growing the UPI ecosystem in every corner of India.