Paytm has recently updated its app with new home screen, profile and passbook section in iOS 7.0 version. Paytm has latest feature in that, zero percent fees for transferring money from Paytm Payments Bank accounts to other bank accounts.
Kiran Vasireddy (COO at Paytm) said:
“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 unorganised sector – this will include freelancers, tuition fee, house rent, salaries of unorganised workforce and others into direct bank transfers using the Paytm app.”
The company claims that it has made it easier for users to send money to anyone by “reducing the number of steps, adding more options for funding source, optimizing the back-end and adding features such as Recents”.