Are Paytm and UPI the same?

No, Paytm and UPI are not the same. UPI (Unified Payments Interface) is a real-time payment system and infrastructure launched by the RBI and NPCI in India. It enables instant money transfers between bank accounts. Paytm, on the other hand, is a mobile payment application that uses the UPI platform to allow users to make transactions. Paytm is one of the payment service providers that integrates UPI, offering a user-friendly interface for payments.