Q. Which is the first platform to launch ‘UPI LITE payments’?
Answer:
Paytm Payments Bank
Notes: Paytm Payments Bank has become the first platform to launch UPI LITE payments, to enable quick and seamless transactions of up to Rs 200 without having to enter a PIN to make a payment.
UPI LITE is enabled by National Payments Corporation of India (NPCI) and it aids users to carry out multiple small-value UPI transactions without using a PIN.