Paytm Users Can Now Transfer Money to Mobile Numbers Registered with Third Party UPI Apps

PPBL leads UPI transactions as the largest beneficiary bank 17 months in a row with over 1,614 mn transactions in Oct 2022
PPBL leads UPI transactions as the largest beneficiary bank 17 months in a row with over 1,614 mn transactions in Oct 2022

We are now enabling users to make transactions across all UPI payment apps with just the mobile number, and even if they are not registered with us through Paytm Payments Bank Limited (PPBL). With this, users can receive and send money instantly to any mobile number with a registered UPI ID across platforms using our app. This further deepens Unified Payments Interface (UPI) interoperability and roots for the adoption of mobile payments. 

Our Bank has empowered its users to get the benefit of interoperability to all UPI-based payment apps, ensuring a superfast and seamless payments experience. National Payments Corporation of India (NPCI) has enabled all payment services providers to access its universal database and make UPI payments interoperable. 

With Paytm Payments Bank Ltd (PPBL), we continue to lead UPI payments as the largest beneficiary bank and a leading remitter bank. According to the latest report by NPCI, as a beneficiary bank, our Bank has registered over 1,614 million transactions and as a remitter bank, it has registered more than 362 million transactions in October 2022. 

“This is an important move for the UPI ecosystem, as it will enable more users to send money to any UPI app, encouraging wider adoption. We continue to lead UPI payments, empowering users with a robust infrastructure for seamless and secure payments. This further strengthens our mission to drive financial inclusion in the country.”

Paytm Payments Bank Limited Spokesperson 

How to send money to other UPI apps:

  1. In the ‘UPI Money Transfer’ section of the Paytm app, tap on ‘To UPI Apps’
  2. Tap on ‘Enter Mobile No. of any UPI app’ and enter the mobile number of the recipient
  3. Enter the amount and tap on ‘Pay Now’ for instant transfer of money
0 Shares:
You May Also Like