New Launch4 Mar 2025, 02:30 pm
Paytm UPI Simplifies Trading on Equity Broking Apps with Automatic Payment Deduction
AI Summary
Paytm, India’s leading payments and financial services distribution company, has announced that Paytm UPI now supports UPI Trading Blocks. This feature allows Paytm UPI users to set up automatic payment deductions directly from their bank account for trades, without having to transfer large sums to their trading accounts on brokerage apps. Funds remain in the bank account, continuing to earn interest while staying readily accessible for immediate trades. The brokerage app automatically deducts the amount once a trade is executed, ensuring a secure and hassle-free experience.
Key Highlights
- Paytm UPI introduces UPI Trading Blocks for seamless broking experience.
- Automatic payment deductions directly from bank accounts, eliminating the need for large transfers.
- Funds remain in the bank account, continuing to earn interest until needed.
- Supported for UPI handles of Axis Bank and Yes Bank, soon to be available for other banks.
- Simplifies fund management and elevates the trading experience for users.