Paytm Payments Bank plans to go live on unified payments interface (UPI) in August as it aims to widen its payments network for merchants and users.
“Our merchants across online and offline spaces will also be able to accept money from Paytm Payments Bank as users will be given a UPI ID,” the company said. UPI facilitates the instant fund transfer between two bank accounts on the mobile platform.
The Noida-based company started its payments bank operations last month, offering an interest...
Paytm Payments Bank to go live on UPI in August
“Our merchants across online and offline spaces will also be able to accept money from Paytm Payments Bank as users will be given a UPI ID,” the company said. UPI facilitates the instant fund transfer between two bank accounts on the mobile platform.
The Noida-based company started its payments bank operations last month, offering an interest...
Paytm Payments Bank to go live on UPI in August