Paytm rolls out all-new app in India: What has changed?
What's the story
Paytm has launched a completely revamped version of its flagship app, introducing artificial intelligence (AI)-driven features to simplify and personalize daily transactions. The new update comes with a cleaner user interface and over 15 new features aimed at making payments faster and smarter for users across India, and Non-Resident Indians (NRIs) in 12 countries.
Unique feature
'Gold Coins' and AI-driven insights
One of the most notable additions in the revamped app is "Gold Coins." The first-of-its-kind initiative gives users digital gold on every payment, adding a savings element to their daily transactions. The new app also leverages AI to understand spending patterns, auto-organize transactions, and provide personalized insights for its users.
User experience
Reimagined balance history with AI tags
The revamped app comes with a reimagined balance history with AI tags, helping users quickly check their total balance across UPI-linked bank accounts. It also categorizes monthly expenses into shopping, bills, travel, and utilities using AI-powered tags. For privacy, the app offers 'Hide Payments' feature to let users hide specific transactions from their history.
Added functionalities
Other notable features of new app
The revamped Paytm app offers a host of practical features like downloading detailed UPI statements in Excel/PDF format and a powerful payment search function. The unique Paytm Playback feature even converts recent spending into personalized AI-generated rap songs for creative money management. Other tools include Magic Paste, which auto-fills bank and IFSC details copied from WhatsApp messages, and Favorite Contacts for quick payments to frequently used contacts.
Professional tools
Support for NRIs in 12 countries
The new Paytm app has the innovative Receive Money widget, allowing professionals like doctors, gym trainers, cab and auto drivers to receive payments directly from their mobile home screen without opening the app. The revamped app caters to NRIs from 12 countries, letting them link their international mobile numbers with their NRE or NRO bank accounts for seamless UPI payments in Indian rupees.