In a move to further enhance user experience and privacy, Paytm has introduced a new feature that allows users to create their own customized UPI ID. This development aims to make wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital transactions more personalized and secure, addressing concerns related to privacy by allowing users to choose an ID that doesn’t reveal sensitive information like their phone numbers.
Here’s a step-by-step guide on how you can set up your own UPI ID on paytm and why it’s a game-changer.
1. Why is Custom UPI ID Important?
Until now, UPI IDs were automatically generated by banks or wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital wallets like Paytm. These often included personal details, such as your phone number (e.g., 1234567890@upi), which could be seen by others during transactions. While this was convenient, it also raised privacy concerns for many users who preferred not to share their phone numbers or other personal information.
Now, with the custom UPI ID feature, users have the freedom to create an ID that’s more personalized and private. You can choose an ID that’s easy to remember, does not disclose any personal details, and still works seamlessly for all your wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital transactions.
2. Key Benefits of the Custom UPI ID Feature
a. Enhanced Privacy
With a custom UPI ID, you no longer have to expose your phone number or other personal details. Instead, you can create a more generic and private ID like your name or a random set of characters. This ensures that your privacy is maintained, especially during transactions with people you don’t know.
b. Personalization
A customized UPI ID is a great way to personalize your payment identity. Whether it’s your name, your business name, or a nickname, you can now select an ID that feels more authentic and reflective of your brand.
c. Easier Transactions
A unique and easy-to-remember UPI ID can make payments more straightforward. No need to memorize or share long numeric IDs — just use your custom name-based ID for a smooth, hassle-free transaction process.
d. Secure Payments
The ability to control your UPI ID means you can create something secure, unique, and memorable. This makes it less likely that you’ll fall victim to phishing attacks or other frauds that typically target default UPI IDs.
3. How to Set Up Your Custom UPI ID on Paytm
Setting up your custom UPI ID on paytm is a simple and quick process. Follow these easy steps:
Step 1: Open the paytm App
Launch the paytm app on your smartphone and ensure you’re logged into your account.
Step 2: Go to 'UPI Settings'
Once you’re on the home screen, tap on the ‘Profile’ icon in the top-left corner. Then, go to ‘Payment Settings’ and tap on ‘UPI Settings’.
Step 3: Select ‘Create Custom UPI ID’
In the UPI Settings, you will see an option that says ‘Create Custom UPI ID’. Tap on it to proceed.
Step 4: Choose Your Custom ID
Now, you can enter your desired UPI ID. The ID should be unique and not already taken by another user. You can pick something as simple as your name, a business name, or a nickname that you can easily remember.
Step 5: Verify Your ID
After entering your preferred UPI ID, paytm will ask you to verify your details, and once confirmed, your custom ID will be set up.
Step 6: Start Using Your New UPI ID
Once the setup is complete, your custom UPI ID will be linked to your paytm account, and you can start using it immediately for receiving payments, sending money, or making purchases.
4. Custom UPI ID: How It Changes Your Payment Experience
a. Privacy-Centric
Unlike default UPI IDs, which include your phone number or email ID, a custom ID can be anything you choose, such as ‘johnsmith@upi’, ‘mybusiness@upi’, or even something more abstract like ‘coolusername@upi’. This makes it harder for strangers to guess or target you, as there’s no link to your personal contact details.
b. More Professional
For businesses, a custom UPI ID like ‘yourbusiness@upi’ can add a professional touch to your payment processes. Clients and customers will appreciate the clarity and professionalism in transactions.
c. Personalized Touch
Instead of sharing a random series of numbers, you can now share a name-based ID that feels personal. This is especially handy for friends or family members who may find it easier to remember ‘johndoe@upi’ rather than a phone number-based ID.
5. Security Aspects of Custom UPI IDs
While custom UPI IDs offer convenience and privacy, users should also take note of the following to maintain secure transactions:
· Enable Two-Factor Authentication (2FA): Make sure that two-factor authentication is enabled on your paytm account for added security.
· Avoid Sharing UPI ID Over Untrusted Channels: Even though your custom ID is private, it’s still essential to share it only through trusted channels.
· Monitor Transactions Regularly: Keep an eye on your transaction history within the paytm app to spot any suspicious activity.
6. The Future of UPI and digital payments in India
This new feature is part of a broader movement to enhance the UPI ecosystem in India. The National Payments Corporation of india (NPCI) continues to innovate and improve the UPI system, which has already transformed the way indians send and receive money.
The introduction of custom UPI IDs is a step towards a more personalized, secure, and efficient digital payments landscape, allowing users to enjoy greater control over their financial identities.
7. Conclusion
Paytm’s new custom UPI ID feature is a welcome change for wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment users, offering increased privacy, personalization, and security. It empowers users to create UPI IDs that are easier to remember and don’t expose sensitive personal information. Whether for personal use or for businesses, this feature is set to enhance the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment experience in india, making it safer and more user-friendly.
To make the most of this new feature, update your paytm app, create your custom UPI ID, and enjoy a safer, more personalized payment experience!
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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