How to Make or Receive Payment Using UPI on Paytm?

Making and receiving UPI payments with Paytm is a convenient and secure way to handle your daily transactions directly from your bank account. This digital payment method allows for instant money transfers to anyone, anywhere in India, using just a mobile phone.

Whether you need to pay a merchant, send money to a friend, or get paid yourself, Paytm offers a simple experience. In this article, we will cover how to make UPI payments, how to receive UPI payments, the benefits of using Paytm for UPI, understanding UPI payment limits, and what happens with failed transactions.

How to Make UPI Payments with Paytm

Paytm offers several ways to send money using UPI, ensuring you can choose the most convenient method for each situation. You can pay by scanning a QR code, entering a mobile number, or using a UPI ID.

Paying by Scanning a QR Code

This is a popular method for paying merchants or individuals with a displayed QR code.

Step 1: Open the Paytm app and tap “Scan & Pay” or the QR scanner icon on the home screen.

Step 2: Point your phone camera at the UPI QR code.

Step 3: Enter the amount you wish to pay. Review the recipient’s name and the amount.

Step 4: Select your linked bank account for payment.

Step 5: Tap “Pay” and enter your UPI PIN to complete the transaction.

Paying by Mobile Number or UPI ID

This method is useful when paying someone whose mobile number is linked to their UPI account or if you know their specific UPI ID.

Step 1: Open the Paytm app and tap on the option to pay by mobile number or UPI ID.

Step 2: Enter the recipient’s mobile number (if linked to UPI) or their UPI ID (for example, rahul123@bankhandle).

Step 3: Enter the amount you wish to send.

Step 4: Select your linked bank account for payment.

Step 5: Tap “Pay” and enter your UPI PIN to complete the transaction.

How to Receive UPI Payments with Paytm

Receiving money through UPI on Paytm is simple and does not require you to enter a PIN or scan anything. You just need to share your payment details with the sender. Remember, receiving money never requires you to enter your UPI PIN or approve the transaction.

Sharing Your UPI ID

Your UPI ID is a unique identifier (like yourname@paytm) linked to your bank account.

Step 1: In the Paytm app, tap your profile icon (top-left corner).

Step 2: Your personal QR code and UPI ID will be displayed.

Step 3: Share your UPI ID (for example, yourname@paytm) with the sender. They will use this to send money directly to your linked bank account.

Sharing Your Mobile Number

If your mobile number is linked to your UPI account on Paytm, you can simply share it.

Step 1: Share your registered mobile number with the sender.

Step 2: The sender can use this number in their UPI app to send you money.

Sharing Your Personal QR Code

You can also have someone scan your personal QR code to send you money.

Step 1: Tap your profile icon (top-left corner) in the Paytm app to display your personal QR code.

Step 2: The sender can scan this QR code using their UPI app. They will then enter the amount and their UPI PIN to send you money.

What are the Benefits of Using Paytm for UPI Payments?

Paytm enhances the convenience and security of UPI, making it a preferred choice for millions.

• Instant Transactions: UPI transactions through Paytm are processed in real-time, allowing for immediate transfer of funds.
• Wide Acceptance: UPI is widely accepted across India, enabling you to pay at various merchants, online platforms, and individuals. All UPI QR codes follow a common standard, and Paytm can scan and pay any UPI QR code.
• Enhanced Security: When you use UPI, your bank account details remain private. You only share your UPI ID or mobile number, which safeguards your sensitive financial information.
• Convenience: With multiple payment options like scanning QR codes, using mobile numbers, or UPI IDs, transactions are flexible and easy to complete.
• Transaction History: Paytm provides a detailed record of all your UPI transactions under “Balance & History,” helping you track your spending and manage your finances effectively.
• Real-Time Notifications: Stay updated with instant notifications for every successful or failed transaction, keeping you informed of your payment status.
• Customer Support: Paytm offers support to assist with any UPI-related queries or concerns, ensuring you have assistance when needed.

Understanding UPI Payment Limits

UPI transactions have certain limits to ensure security and manage transaction volumes. These limits apply to daily transfers and specific payment types.

General UPI Limits

• You can send up to ₹1 lakh per day for person-to-person (P2P) transactions.
• Banks also set a daily transaction count, typically between 10 to 20 transactions.
• For select merchant categories, higher limits may apply.
• New UPI registrations might have a reduced limit, around ₹5,000, for the first 24 hours.

UPI Lite Limits

UPI Lite allows for smaller payments without requiring a UPI PIN for each transaction. You can make payments up to ₹1,000 per transaction using UPI Lite.

UPI AutoPay Limits

UPI AutoPay is designed for recurring payments, simplifying subscriptions and bill payments.

• Each debit can be up to ₹15,000 without requiring a UPI PIN.
• For select categories such as mutual fund SIPs, insurance premiums, and credit card bill payments, the limit can be up to ₹1 lakh per debit.
• Creating an AutoPay mandate always requires your UPI PIN once for setup. You receive notifications before every debit and can pause or cancel mandates anytime.

Here is a summary of common UPI limits:

What Happens if a UPI Transaction Fails?

Occasionally, a UPI transaction might fail. It’s important to understand the process for such situations.

If your money is debited from your account but the transaction fails to reach the recipient, the amount is automatically reversed. As per RBI guidelines, such failed transactions are typically reversed by the next working day. You can check the “Balance & History” section in your Paytm app for the status of your transaction and any reversal details. If the issue persists beyond the stipulated time, you can raise a complaint within the Paytm app. read our guide on how to register a UPI complaint.