more-inMobile payments brand Paytm aims to double the number of peer-to-peer (P2P) transactions on its platform with the integration of UPI or Unified Payments Interface. With the new feature, users will be able to create their BHIM UPI ID on the Paytm application. Paytm users can also link any of their savings bank accounts with the Paytm BHIM UPI ID to send and receive money. “With Paytm BHIM UPI, users can now make seamless and instant money transfers directly between two bank account. Merchant partnersPaytm will also be training its five million merchant partners to create their Paytm BHIM UPI ID and accept money using the same.

Source: The Hindu November 06, 2017 18:33 UTC