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Paytm revamp its app to take on competition: here's what has changed

Below are the changes that have been introduced in the revamped Paytm app: .

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Paytm has revamp its mobile app to take on rivals. Vijay Shekhar's led payment gateway Paytm has made its app more user friendly and intuitive. 

With this revamp, Paytm has incorporated feedback from user insights into its P2P and money transfer flows, claims the company. 

"We have made sending money to anyone easier by reducing the number of steps, adding more options for funding source, optimising the backend and adding features such as Recents. This will now help you make quicker payments on Paytm," the company said. 

Below are the changes that have been introduced in the revamped Paytm app: 

An All-New Home Screen
You will now see a fresh look of the Paytm App home screen. According to the firm, the new screen is simpler and let the customers focus on some of the most used Paytm features.

The company has personalised the home screen. Customers will now see relevant categories upfront based on their usage. The rest will be under the View All button below the second row. "This will help users to navigate their way faster on the home screen", it said. 

Customers can also make one-touch quick payments from their Home Screen under the Recent Payments section. It carries all recent payments they have made at stores and retail outlets or money they have paid to their friends.

 

Money Transfer Revamp
With the revamped version, money transfers have now become simpler and faster. Consumers will now discover the ease in sending money from any bank account to any bank account at 0% fee. They can also add beneficiaries, which is an enhanced security feature for making faster repeat payments.

Customers can also send money to bank account beneficiaries, UPI address, Aadhaar number or to any Mobile directly. 

The New Passbook

Your Passbook, which shows your account history and balance has been revamped to present all information in a snapshot. It now allows you to see a summary of all accounts you hold on Paytm, i.e. Savings Account, Fixed Deposit, UPI, Wallet, Food Wallet, Gift Wallet and more.

 

Your New Profile Section
Your Paytm profile has also gone dynamic with personalised experience. The most relevant items will be visible to you here upfront. Your user profile QR code has also levelled up. It allows someone to send you money or get themselves added to your contacts and start a chat. You can even save this QR Code to your gallery. The familiar Paytm Scanner too has gotten its own upgrade, and you will now be able to see your recent scans upfront .

 

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