News > Paytm launches UPI Lite wallet for everyday payments

Paytm launches UPI Lite wallet for everyday payments

Paytm, owned by One97 Communications Limited (OCL), is now focusing on the UPI Lite wallet. Paytm UPI Lite is an on-device wallet that allows users to store funds and make payments on the go. It offers quick payments that have no PIN requirement. Paytm has also collaborated with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank to ensure a robust and reliable framework for all of its UPI transactions.