Paytm is a mobile-based digital payment service headquartered in Mumbai, India, providing a digital wallet and an eCommerce platform. It has one of the largest merchant bases in India, with over 3 million merchants on its platform.
Paytm has been actively working on expanding its merchant base across the country. The latest update to the Paytm app is a BHIM UPI-powered money transfer service. With this update, users can instantly transfer money from their bank account to another bank account linked with UPI. Various merchants across the country can then use the funds.
Bank-to-bank money transfer via BHIM UPI
- You can send and receive money from any phone number or bank account straight to your bank account without going through the Wallet KYC process.
- You can check account balances, add beneficiaries, and manage multiple bank accounts using BHIM UPI with the State Bank of India (SBI), HDFC Bank, ICICI Bank, and other Indian banks.
Mobile & DTH recharge
- Paytm provides the latest Jio recharge plans and the best offers on Airtel recharge, Vodafone Idea (Vi) recharge, BSNL recharge, and other prepaid recharge services. Purchase data cards online with Paytm.
- Purchase Mumbai, Hyderabad, and Delhi Metro cards.
Utilities Bill Payments – Electricity, Water, Gas, Broadband, Landline
- Make electricity bill payments across 60+ providers, including – BESCOM, PSPCL, BSES, MSEB, UPPCL, TSSPDCL, etc.
- Make water, gas, Credit card bill payments & bills for landlines (Airtel, BSNL, MTNL, Reliance), Broadband, insurance premiums, E-Challan, Loan, Fee payments, Municipal, etc.
Safe, Secure & Contactless Payments at Offline Stores
You can pay via UPI or by scanning a QR code at local stores, pharmacies, restaurants, petrol stations, and other shops.
Buy & Sell Digital Gold
With no hidden costs and 100% insured storage, buy, sell, and gift pure 24K gold (Nabl certified and BIS accredited) at live market rates. Delivery is available nationwide for as little as ?1.
Final thoughts
Paytm is as much about delivering as it is about receiving. The app is constantly working on ways to make the most out of the digital life of its users. The latest update to the Paytm app is a BHIM UPI-powered money transfer service. With this update, users can instantly transfer money from their bank account to another bank account linked to UPI. Various merchants across the country can then use the money.
Users can also invite their friends to join the service to make the most of this. This, in turn, will give them access to a larger pool of customers who can be used for supporting businesses.
The update is live on the Play Store and will soon be available for download on the Apple App Store.
You might also like: TabbedOut
