TIL Desk/Business/New Delhi/ With the Reserve Bank of India (RBI) making online NEFT transfers 24/7 on all days including weekends and holidays from Monday, India”s digital payment leader Paytm has become the only payments app offering three ways to pay 24×7 seamlessly, within the same “Money Transfer” flow via UPI, IMPS and now NEFT mode.
Millions of users can pay up to Rs 10 lakh per transaction instantly from their Paytm App using NEFT powered by Paytm Payments Bank, the company said in a statement. This extends Paytm”s leadership in the payments market where UPI P2P (peer-to-peer) apps such as Phone Pe and Google Pay are restricted to Rs 2 lakh per transaction.
“We offer all-important payment methods and are the only platform where users can pay instantly using NEFT, IMPS, UPI, Wallet, and cards. With this increased limit, we are confident that more users will prefer our services for their day to day payments,” said Satish Gupta, MD and CEO, Paytm Payments Bank.
