When you open the Paytm app, you will see the UPI money transfer section there. Touching there you will have to go to Two UPI Apps and there you will see the Inter mobile number section of any UPI app.
New feature in Paytm! Yes, now you can pay via Paytm in any other payment app. It’s also special that Paytm, the third largest UPI payment app in the country, has become the first app to do so. Not just this, the special thing about this Paytm facility is that you can make such a payment with the help of any mobile number.
Let us tell you that before you could send money by scanning QR code with UPI ID or between two users on the same platform with the help of phone number and bank account, but now they also give you a fourth option. It means that with the help of a single phone number you can send money on any other UPI app.
If you don’t know, let us tell you that Paytm is the third largest UPI payment app in the country after Phone Pay and Google Pay.
Let us know how from Paytm you can transact money on other UPI payment apps just with the help of mobile number.
When you open the Paytm app, you will see the UPI money transfer section there. Touching there you will have to go to Two UPI Apps and there you will see the Inter mobile number section of any UPI app.
Typing here you need to enter the number you want to send the money to, enter the amount there and click and your payment will be gone.
Obviously innovation is happening day by day and the trend of fast money transactions via UPI is on the rise. Let us tell you that UPI transactions are continuously increasing and it feels like a revolution in the world of digital payments, and it will continue to grow.
Before UPI payment, there was a digital wallet trend where there were all the formalities like KYC etc, however none of this has to be done at UPI.
Prior to this, the operation of the RTGS and NEFT payment system in India is with the Reserve Bank of India. On the other hand, systems like IMPS, RuPay, UPI are operated and managed by NPCI i.e. National Payments Corporation of India.
If we tell you some important things related to UPI, then you transfer funds in real time and you can also link multiple bank accounts in the same app. Which means that if you want to send someone money, you can send them money right away. Apart from this, you can also send money to a person with the help of their mobile number, account number or UPI ID.
You can do this whole process in just a few seconds. Explain that UPI has been built on the same model as IMPS, so you can bank 24×7. Another special thing about this is that to shop with UPI, you don’t need the OTP CVV code, card number, expiration date, etc. as in the credit or debit card,
That means you can transfer any payment amount to anyone’s account easily and without hassle. This is why UPI is growing rapidly in the world of online payments.
-Vindhyavasini Singh