Paytm introduces BHIM UPI on its platform: All you need to know

India’s leading Digital Payment platform, Paytm, is giving boost to the digital India dream of the National Government of India. The users can now link their savings bank account with the unique Paytm BHIM UPI ID and initiate the service of sending and accepting money. This ID will be unique for every Paytm users and will come handy for any kind of tracking purpose. The ID can be generated through the app itself.

Paytm has tweeted:

“You can create your own Paytm BHIM UPI ID on the app, which will be your mobile-number@paytm by default. You can link any of their Savings bank account with this unique Paytm BHIM UPI ID and start sending & accepting money. Paytm BHIM UPI IDs are being accepted across all banks and BHIM UPI apps,” a Paytm blog said.

Any of the savings account can be linked and Paytmusers can start sending and receiving money. It will not be necessary to share the bank IFSC codes with anyone now for this money exchange. Thus, it is not only reliable but also safe and secure in all respect.

As an example, if a Paytm user has the registered mobile number as 9123456789, then UPI ID generated will be as 9123456789@paytm.

This Paytm BHIM UID functionality is available on android phones and will soon be made available to IOS as well. Transfer upto 1 lac per day will be possible through this facility of BHIM UPI ID and is as per the regulation of government policy. Also there are no limit to the number of savings bank accounts that can be added to the Paytm BHIM UPI ID as long as the registered mobile number of the bank account is same as the mobile number being used to generate the Paytm BHIM UPI ID.