Paytm Reveals Surprising Truth About UPI Lite: More Than Just an On-Device Wallet?

In this interview, we explore mobile payments with Shreyas Srinivasan, the Chief Products Officer of Consumer Products at Paytm — focusing on Paytm UPI Lite — a streamlined, on-device wallet-like service that aims to introduce some quality features and conveniences for people. We also explore the use cases of Paytm UPI Lite and how it could change the way people make transactions in India. We discuss the various advantages of this payment method and the reasons why it has gained so much popularity in such a short time. Furthermore, we delve into the adoption rate of Paytm UPI Lite in India and whether tier 2 and 3 cities will adopt it. Lastly, we find out when we can expect Paytm UPI Lite to be available on iOS.