Paytm rolls out personalised UPI IDs for enhanced privacy
Indian payments company Paytm has introduced personalised UPI IDs, enabling users to conduct UPI transactions without revealing their mobile numbers.
This feature allows for the creation of unique UPI handles such as name@ptyes or name@ptaxis, currently supported by Yes Bank and Axis Bank, with plans to extend to other banks.
Paytm's new feature addresses the privacy concerns of mobile number exposure during UPI payments by allowing users to create custom UPI IDs.
To set up a personalised UPI ID, users should navigate to 'UPI Settings' through the profile icon, where they can manage their UPI ID and select a preferred personalised handle.
Once confirmed, the new UPI ID becomes the primary identifier for all subsequent UPI transactions, the company explained.
Paytm spokesperson said: 'We have introduced personalised UPI IDs to offer more choice and privacy in payments. We heard the feedback from our customers who wanted to keep their mobile numbers private, and built this solution to address that need. We remain committed to developing thoughtful innovations that make payments safer and more convenient for all.'
Additionally, Paytm has introduced a suite of features aimed at enhancing the overall payment experience.
These include options to hide or unhide transactions, tools for financial tracking such as spend categorisation and monthly summaries, and widgets for receiving money alerts and facilitating QR payments.
Moreover, the company implemented an auto top-up function for its UPI Lite service and offers downloadable UPI statements for financial monitoring.
Paytm is also extending its UPI services to Indian travellers in various countries, including the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.
"Paytm rolls out personalised UPI IDs for enhanced privacy " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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