New Delhi, Aug 29: Financial services major Paytm on Friday clarified that Google Play\u2019s recent notification on unified payments interface (UPI) handle changes was incomplete and may have created confusion.<\/p>\n
The company emphasised that there is no disruption to UPI payments on Paytm and both consumer and merchant transactions remain seamless.<\/p>\n
The update is relevant only for recurring payments such as subscription billing.<\/p>\n
\u201cThis means that if a user was paying for YouTube Premium or Google One storage or to any recurring platform through Paytm UPI, they will simply need to change their old @paytm handle to the new handle linked to their bank which is @pthdfc, @ptaxis, @ptyes or @ptsbi,\u201d Paytm explained.<\/p>\n
For example, if a UPI ID was abcd@paytm, it will now be abcd@pthdfc (or as per the bank). One-time UPI payments are not impacted and continue as usual.<\/p>\n
Paytm noted that this transition is part of its migration to new UPI handles after receiving approval from the National Payments Corporation of India (NPCI) to operate as a Third Party Application Provider (TPAP).<\/p>\n
The deadline to complete the update for recurring mandates is August 31, 2025, which is why Google Play issued its alert.<\/p>\n
Reassuring customers, Paytm said this is a simple update to ensure uninterrupted recurring payments while all other UPI transactions on the app continue without any change.<\/p>\n
Paytm reported a profit after tax (PAT) of Rs 123 crore in Q1 FY26, while the company\u2019s operating revenue grew 28 per cent year-on-year (YoY) to Rs 1,918 crore. For the June-ending quarter, EBITDA stood at Rs 72 crore, underscoring Paytm\u2019s disciplined approach towards cost structure and driving growth and efficiency through embedded AI capabilities.<\/p>\n
Paytm has extended its leadership in India\u2019s merchant payments landscape, as it continues to add new device subscriptions across MSMEs and enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"New Delhi, Aug 29: Financial services major Paytm on Friday clarified that Google Play\u2019s recent notification on unified…\n","protected":false},"author":2,"featured_media":102627,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[2306,86,56,54,55],"class_list":["post-102626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-mobile","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/102626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=102626"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/102626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/102627"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=102626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=102626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=102626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}