Paytm Payments Bank launches new features on Paytm UPI

By Leandra Monteiro

Paytm Payments Bank announced a slew of new launches for Paytm UPI. The Bank has also become the first to go live with UPI Lite on iOS.

The new features announced by the Bank include RuPay Credit Card on UPI, Split Bill, pin favourite contact and chat with friends, set alternate UPI ID with Paytm app to hide mobile number, and more.

With RuPay Credit Card on UPI, the Bank has enabled users to link their RuPay credit card to a UPI ID on the Paytm app. Users can then simply pay by scanning the UPI-enabled QR code via Paytm app, eliminating the need to carry cards all the time. Users don’t have to wait for OTP SMS, they can just pay with your UPI PIN.

With RuPay Credit Card on UPI, users can pay with RuPay credit cards and also earn reward points. Users can also pin their favorite contacts or chat with their friends on Paytm app. Moreover, with the new Split Bill feature, users can create friend groups on Paytm and share the bill in any group. Users can also tag the payments made on Paytm, with which they can view all payments made under a certain tag anytime.

Recently the Bank announced UPI interoperability, with which the Bank enables users to send and receive money instantly to any mobile number with a registered UPI ID across platforms using the Paytm app, further deepening Unified Payments Interface (UPI) interoperability and roots for the adoption of mobile payments. It empowers users to get the benefit of interoperability to all UPI-based payment apps, ensuring a superfast and seamless payments experience.