Paytm Payments Bank (PPB) rolled out a slew of new features for Paytm UPI, including UPI Lite on iOS, RuPay Credit Card on UPI, Split Bill, among others, reported Business Line.
With the new Split Bill feature, users can create friend groups on Paytm and share the bill in any group. Users can also tag the payments made on Paytm, with which they can view all payments made under a certain tag at any time.
In a social media livestream, Vijay Shekhar Sharma, Founder and CEO, Paytm, and Chairman of Paytm Payments Bank, announced the new features.
Rupay credit cards
PPBL has now enabled users to link their RuPay credit cards to an UPI id on the Paytm app. Users can pay by scanning the UPIenabled QR code via the Paytm app, eliminating the need to carry cards at all times. Users need not have to wait for an OTP SMS, as they can just pay with their UPI PIN.
Paytm UPI Lite
Paytm UPI Lite enables fast UPI payments that never fail, even during peak transaction hours.“We continue to drive innovation and empower users with the security and safety of Paytm UPI. We have also brought cool features like split bills, Paytm tags, and alternate UPI IDs on the Paytm app,” Vijay Shekhar Sharma, Chairman, Paytm Payments Bank, and CEO of Paytm, said.
Surinder Chawla, CEO, PPBL, said, “We are a fullstack technology bank. We were the first to launch UPI Lite; the same is true for the RuPay credit card, and this innovation will continue. Our latest product, Paytm UPI Lite, is one of the biggest innovations that will propel UPI to the next level. Almost 60 lakh users today enjoy superfast payments with Paytm UPI Lite.”
A total of 13 banks have gone live on UPI Lite to date. RuPay credit card on UPI is the most disruptive move in payments after Wallet and UPI payments.