What is UPI on Paytm?

UPI on Paytm is a real-time payment system that allows you to link your bank accounts to the Paytm app for instant money transfers. Developed by the National Payments Corporation of India (NPCI), it enables you to send or receive funds 24/7 using a unique UPI ID or by scanning a QR code, eliminating the need for bank account details or IFSC codes. Every transaction is secured with a personal UPI PIN. It also supports features like bill payments, mobile recharges, and UPI Lite for small, PIN-less transactions.