Paytm Launches UPI Lite on iOS; Adds Support for RuPay Credit Cards on UPI, Splitting Bills and More

Paytm users can now add their friends to a group to use the new Split Bill feature.

Written by David Delima, Edited by Siddharth Suvarna | Updated: 10 May 2023 13:51 IST

Paytm Launches UPI Lite on iOS; Adds Support for RuPay Credit Cards on UPI, Splitting Bills and More

Photo Credit: Paytm

Paytm says it currently has around 60 lakh UPI Lite users

Highlights

Paytm has announced that iOS users can now access UPI Lite
RuPay credit card holders can now sign up to use UPI services on Paytm
Paytm will also let users pin favourite contacts for easy access

Paytm on Tuesday announced that it was introducing support for UPI Lite on iOS. During a live event, Paytm CEO and Founder Vijay Shekhar Sharma announced that the company's associate Paytm Payments Bank was also adding support for RuPay credit cards on the Unified Payments Interface (UPI), along with other features that will allow users to split bills, pin a contact for quick access, or set up an alternate UPI ID to hide their mobile number. The Paytm Super App has seen around 60 lakh users sign up to use UPI Lite so far, according to the company.

As per details shared by Paytm, the faster UPI Lite system that is claimed to function even during peak hours, is now available on iOS. The company also said that it has 60 lakh UPI Lite users, while a total of 13 banks support UPI Lite on Paytm. Meanwhile, 70 lakh small business merchants use Paytm Soundbox, a speaker that announces incoming payments.

Paytm also announced that users with RuPay credit cards can now register to make OTP-less UPI payments on the company's application. They will also be able take advantage of reward points, just like other users who have signed up with other cards.

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In July 2022, National Payments Corporation of India (NPCI) Managing Director and CEO Dilip Asbe had announced that around 250 million users — a fifth of the population — used UPI, and that RuPay cards would be linked to the UPI platform within a few months.

Other features announced by the company include the ability to create groups with friends on the Paytm app to use the Split Bill feature. Users can also pin contacts to interact with on a regular basis for easy access, as per details shared by Paytm.

Payments on Paytm can now be tagged with specific labels, the firm said on Tuesday. These can be easily accessed to see all payments that are tagged with a particular label, making it easily to keep track of specific payments, according to the company.

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Further reading: Paytm, UPI Lite, RuPay, UPI

David Delima

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As a writer on technology with Gadgets 360, David Delima is interested in open-source technology, cybersecurity, consumer privacy, and loves to read and write about how the Internet works. David can be contacted via email at DavidD@ndtv.com, on Twitter at @DxDavey, and Mastodon at mstdn.social/@delima. More