Money transfers and online payments have never been as fast and easy as they are with the Paytm app. You can send or receive money directly from/to the bank account through Paytm UPI.
Receive Money through Paytm UPI
Paytm UPI mobile applications allows you to transfer money in multiple ways. Whether it is a mobile number, QR code, UPI ID, or account number- each of these methods is equally easy to use. Explained below is the process that you need to follow to transfer money through either of these methods.
To transfer money through UPI on the Paytm app, you only need to have a UPI ID, which is a unique ID that gets generated when you link your phone number to your bank account. Instant bank-to-bank money transfers can be done with a UPI address. You can share your UPI-registered mobile number, UPI QR code, or UPI ID to receive money from any sender to your bank account.
Below are a few steps that will help you to receive money through UPI:
- You can create a Paytm account which automatically creates your UPI ID and then you can link your bank account to your Paytm account to send/receive money. Now you can share your mobile number to receive money from the senders
- Alternatively, you can also share your UPI ID with the sender, which you can find below your profile picture on the main screen of the Paytm app. Launch the Paytm app and click on the top left profile picture icon that opens up your profile menu. You can copy and share your UPI ID
- You can also upload your UPI QR code to receive money either by showing it to the sender to scan or by sharing it with the sender via WhatsApp, Instagram, etc. You will find the option to share right under the UPI QR code
