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.