The Paytm app now allows you to scan any Quick Response (QR) code, be it BHIM UPI or Google Pay. To recall, Paytm introduced QR code-based payments to enable merchants, regardless of the size of their business, to receive money directly into their bank account. Now, “People do not need to fill various fields – from phone numbers and UPI PINs to bank account numbers. And IFSC – to make a digital payment, ”said Paytm.
Paytm app can be downloaded through Google Play Store to make UPI-based payments instantly. After downloading it, open the Paytm app and tap on ‘Pay’, which you will find on the top-left of your screen. Now, you can scan the Paytm QR Code or any UPI QR Code available only at merchant stores. The application will then automatically detect the QR and redirect you to the next ‘payment’ page.
Then you only need to enter the amount and choose the linked bank account. Users can then enter the UPI PIN and click on the button ‘Submit’. Your payment will be confirmed, which you can show to the merchant as you wish. “At Paytm, we always believe in providing our users the flexibility to choose their preferred payment method. With Interoperable UPI, they get the facility to scan any QR code through their Paytm app for instant payments, ”said Deepak Abbott, Paytm senior vice president.
“More and more users are connecting their bank accounts with Paytm UPI and making easy payments to their neighborhood stores, restaurants, fuel stations, pharmacies, hospitals, etc. We will keep adding new features, adding new features And enhance the experience of its users, “IANS reported. Last month separately, it was reported that Paytm has done more than 70 crore transactions in the month of June. The report also noted that the number was higher than the total transactions done by other UPI-based payment applications.