Overview
- On June 9, Paytm introduced personalized UPI IDs that let users select unique handles such as name@ptyes and name@ptaxis.
- Personalized IDs allow users to send and receive money without exposing their mobile numbers in transaction details.
- The rollout is initially live on UPI handles issued by Yes Bank and Axis Bank with further bank partners to be added soon.
- Paytm developed the feature based on customer feedback seeking greater flexibility and stronger data protection.
- The company’s UPI service expansion now supports transactions in the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka and Nepal.