Paytm Introduces BHIM UPI for Seamless Money Transfer

Digital payment platform Paytm introduced payments using BHIM UPI on its platform, using which users can create their own Paytm BHIM UPI ID on the app, which will be issued by Paytm Payments Bank.

With Paytm BHIM UPI, users can now make seamless and instant money transfers directly between two bank accounts, with no waiting time to add beneficiary. They will also not have to share their bank account details and IFSC code with anyone to receive money.

Current/Static Takeaway Points Important for IBPS PO Mains 2017 Exam-

  1. Paytm CEO- Vijay Shekhar Sharma.
  2. Founded: 2010, Headquarter- Noida, India.
  3. BHIM- Bharat Interface for Money, UPI- Unified Payment Interface.
Source- The Indian Express

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