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Paytm to adopt UPI for its payments bank: How it will work

PPB account holders will soon be able to send and receive money using a UPI ID

Karan Choudhury 

In line with the government’s initiative to build digital payments in the country, Paytm Payments Bank (PPB) is set to adopt Unified Payments Interface (UPI). This will enable consumers and merchants to transact with ease on its banking platform.    PPB account holders will soon be able to send and receive money using a UPI ID (username@paytmbank). While, merchants across the online and offline space will be able to accept money from PPB users through UPI.    “We will soon enable seamless creation of UPI IDs on our platform so that users can ...

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First Published: Tue, June 20 2017. 09:30 IST
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