Paytm has introduced new features for its customers. According to Paytm, the update makes the app three times faster even on low-end smartphones and slow networks.
Self-declared merchants can now accept up to Rs 50,000 directly in their bank accounts
The amount is settled at midnight every day and the settlement charges remain 0 percent. The bank settlement charges will stay at 0 percent when amount would be settled to merchants� Paytm Payments Bank account. In other banks, Paytm might start levying some charges in the months to come.
Adding money faster through a single-screen
This will allow quicker load times and a faster user experience.
Fingerprints can be set as Paytm password
Like many other apps, Paytm has introduced fingerprint passwords. It�s quick, easy and the company claims its 100 percent secure.
Pay by scanning the recipient�s Paytm QR Codes from their phone�s image gallery
You can scan the recipients QR codes that they may have received via e-mail or WhatsApp. To be able to do this, users have to tap on the upper-right corner of the screen and tap on �Scan Paytm QR from Gallery�.
Queries can be addressed on the Paytm Community Forums
Paytm users can now access the �Paytm Community Forums� option in their Paytm app and get their queries addressed by the 10 million active users on the platform.