What is UPI payment in Paytm?

UPI payment in Paytm is an instant, real-time payment system that allows you to transfer money directly from your bank account using your smartphone. Developed by the National Payments Corporation of India (NPCI), it facilitates secure bank-to-bank transfers without needing the recipient's bank account number or IFSC code. Key features include:

• Instant money transfers 24/7, including holidays
• Secure authentication using a unique UPI PIN
• Payment via UPI ID, mobile number, or by scanning any QR code
• Ability to link multiple bank accounts in a single app