Paytm now allows users to pay through BHIM UPI on its platform

This BHIM UPI will allow users to createtheir own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank

 

Digital payment platform Paytm on Tuesday introduced payments using BHIM UPI on its platform, using which users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank.

Also, Paytm users can link any of their savings bank account with this unique Paytm BHIM UPI ID and start sending and accepting money.

With Paytm BHIM UPI, users can now make seamless and instant money transfers directly between two bank accounts, with no waiting time to add beneficiary. They will also not have to share their bank account details and IFSC code with anyone to receive money. This will enable a larger pool of Paytm users to transact digitally with more choices, greater ease and convenience.(economy policy)

To create UPI ID, users can go to the BHIM UPI section on the Paytm app home screen. These IDs will be users' registered mobile number. For example, if a Paytm user's registered mobile number is 9123456789, the UPI ID will be generated as 9123456789@paytm. Users can link their Paytm BHIM UPI ID with their existing savings bank account.

Paytm will also be training its five million merchant partners to create their Paytm BHIM UPI ID and accept money using the same. Merchants will also get the flexibility of adding multiple bank accounts with the single Paytm BHIM UPI ID and accept money directly into their bank accounts. As per the National Payments Corporation of India (NPCI) guidelines, users can send up to Rs. 1 lakh a day using BHIM UPI; while there's no receiving limit....READ MORE<<<<