Paytm’s new feature ‘Total Balance View’ launched: Users will be able to see the total balance of all bank accounts linked to UPI on a single screen
Paytm users will now be able to check the total balance of all their bank accounts by entering the UPI PIN just once. For this, digital payment company Paytm has introduced a new feature ‘Total Balance View’ in its app. With this new tool, the total amount of all accounts linked to UPI will be visible on a single screen.
This feature is especially useful for those who have more than one bank account and they check the balance by going to different apps. With this feature, users will no longer need to add the balance of different bank accounts.
Money management will be easier
The purpose of this new tool is to make money management easier by eliminating the need to check the balance of different accounts separately. That is, you will be able to easily do things like financial planning, budgeting, controlling expenses and saving.
Paytm was started in 2009
Paytm’s parent company One97 Communications launched the Paytm payment app in August 2009. Its founder is Vijay Shekhar Sharma. Currently, Paytm has more than 30 crore users in the country. Paytm’s market cap is around Rs 28 thousand crores.
UPI is operated by NCPI
RBI has the operation of RTGS and NEFT payment systems in India. Systems like IMPS, RuPay, UPI are operated by the National Payment Corporation of India (NPCI). The government had made a zero-charge framework mandatory for UPI transactions from January 1, 2020.
How does UPI work?
For UPI service, you have to create a virtual payment address. After this it has to be linked to the bank account. After this, there is no need to remember your bank account number, bank name or IFSC code etc. The payer simply processes the payment request based on your mobile number.
If you have his UPI ID (e-mail ID, mobile number or Aadhaar number), then you can easily send money through your smartphone. Not only money, but you will also not need net banking, credit or debit card for utility bill payment, online shopping, shopping etc. You can do all these tasks through the Unified Payment Interface system.
