Paytm Goes Live with UPI Onboarding for New Users
– Launch DetailsPaytm has started onboarding new UPI users following NPCI approval on October 22. Users can now link bank accounts to create a new UPI ID for fast payments.
Spokesperson Statement – Paytm aims to invest in payments and innovate for users. – The company sees a significant opportunity in UPI on the consumer side.
How to Create Your UPI ID on Paytm – Step 1: Enter your mobile number and verify with OTP. – Step 2: Link your bank account to activate Paytm UPI. – Step 3: Choose your primary bank account for transactions. – Step 4: Your UPI ID will be created (e.g., @pthdfc, @ptaxis).
Features and Benefits – Make payments to any merchant or individual via P2P transfers. – Use UPI Lite for transactions under ₹2,000. – Link RuPay Credit Card for auto-pay feature and check bank balances easily. – Ongoing innovations like Paytm soundbox and card machines enhance payment experiences.