Paytm on Monday introduced the newest replace to its cellular app with a revamp to the house display, a brand new look to the Passbook tab, and a revamped Profile part. In the newest announcement, Paytm has additionally pushed in direction of utilization of its Money Transfer service. The replace is on the market on the Apple App Store as model 7.zero for iOS, and on the beta model of Android on Google Play. Gadgets 360 has learnt that the steady replace will likely be accessible for Android customers later this week.
While zero p.c charges for transferring cash from Paytm Payments Bank accounts to different financial institution accounts have been relevant for some time, the corporate is clearly pushing using this characteristic. The widespread adoption of cash transfers is claimed to support fee of home lease, tuition charges, wholesaler dues, freelancer charges, and salaries of unorganised workforce. Paytm, in its newest assertion, claims that the digital funds platform has achieved a run price of 1 billion transactions per quarter.
“We are very excited to introduce the new revamped interface on Paytm App. In continuation of our constant effort to provide our customers with the best user experience, the new design is refreshing and has upgrades to some of the most important flows including Money Transfers. I am very happy to share that we have successfully inculcated the use of Paytm as a habit in millions of Indians – to transact digitally online and on Paytm app using their preferred payment method. Our offline payments have also scaled as we pioneered Paytm QR, enabling merchants to accept payments directly into their bank accounts. We are overwhelmed with our users’ trust in us and we will continue expanding our operations to every nook and corner of the country. This year, we are aiming for an exponential growth in Money Transfer transactions by transforming payments done in the unorganized sector – this will include freelancers, tuition fee, house rent, salaries of unorganized workforce and others into direct bank transfers using the Paytm app,” mentioned Kiran Vasireddy, COO, Paytm.
Disclosure: Paytm’s father or mother firm One 97 is an investor in Gadgets 360.
Adapted From: Gadgets360