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In an effort to simplify and secure the digital transactions of its users, fintech giant Paytm has rolled out a new personalised UPI IDs feature.
Paytm said in a blog post that the new feature enables users to hide their mobile numbers while sending and receiving money. The feature is currently available for Yes Bank and Axis Bank-issued UPI handles, with plans to expand to other banking partners soon.
The new feature enables custom UPI handles such as name@ptyes or name@ptaxis.
“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,” a Paytm spokesperson said.
To set up a personalised UPI ID via Paytm app, users need to tap the profile icon and go on the ‘UPI settings’ option. After clicking on ‘manage UPI ID’, users can choose a personalised ID and activate it for future transactions.
(The story will be updated soon.)
The post Paytm Launches Personalised UPI IDs To Boost Payment Privacy appeared first on Inc42 Media.
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