Now, Paytm allows users to transfer money to other UPI apps — Here's how

"Paytm Payments Bank Ltd (PPBL) continues to lead UPI payments as the largest beneficiary bank and a leading remitter bank. According to the latest report by NPCI, as a beneficiary bank PPBL has registered over 1,614 million transactions and as a remitter bank, it has registered more than 362 million transactions in October 2022," it said.

Paytm Payments Bank Limited Spokesperson said, “This is an important move for the UPI ecosystem, as it will enable more users to send money to any UPI app, encouraging wider adoption. We continue to lead UPI payments, empowering users with a robust infrastructure for seamless and secure payments. This further strengthens our mission to drive financial inclusion in the country.”

1. In the ‘UPI Money Transfer’ section of the Paytm app, tap on ‘To UPI Apps’

2. Tap on ‘Enter Mobile No. of any UPI app’ and enter the mobile number of the recipient

3. Enter the amount and tap on ‘Pay Now’ for instant transfer of money