Largest and leading payment wallet company Paytm has introduced yet another feather for the ease of millions of its user base through which fund transfer can now be effected just by making use of the phonebook. For it users will not have to login to the Paytm app.
So, for those of you who intend to further reduce your time in these fund transfer exercise, paytm has brought about a new functionality which would effect fund transfer from one person to other using the phone book without even opening the Paytm app if the user doesn't wishes so.
With a user base of approximately 200 million in India, Paytm's new feature shall be initially available only to Android users and iOS users will have to wait for a while. The features are to make the wallet company more competitive at a time when new entrants in the field are making a foray such as Whatsapp which is reported to tie up with UPI for its payments and fund transfer services.
Know here how to make the transfer using phone book
First and foremost to use this new feature, users will have to update their app. Further you need to give the wallet company, access to your phone book to enable the feature. So, after the needful is done, you simply have to click on the recipient name in the phone book, click on the send money option and effect the fund transfer of the desired amount.