Paytm (One 97 Communications Limited) announced today the launch of UPI Trading Blocks, a feature that simplifies the stock trading experience by allowing automatic payment deductions directly from users’ bank accounts for trades on equity broking applications.
The shares of One 97 Communications Limited were trading at ₹706 down by ₹20.45 or 2.82 per cent on the NSE today at 11.40 am.
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The new feature, also known as Single Block Multiple Debits, eliminates the need for traders to transfer large sums to their trading accounts in advance. Instead, funds remain in users’ bank accounts—continuing to earn interest—until a trade is executed, at which point the exact amount is automatically deducted without requiring a UPI PIN.
“We are thrilled to introduce UPI Trading Blocks on Paytm UPI, bringing greater convenience to stock traders,” a Paytm spokesperson said. “This service simplifies fund management by enabling seamless, automatic payment deductions directly from bank accounts, eliminating the need to transfer large sums to broker or brokerage apps.”
The service is currently available for Paytm UPI handles of Axis Bank (@ptaxis) and Yes Bank (@ptyes), with plans to extend support to State Bank of India (@ptsbi) and HDFC Bank (@pthdfc) UPI handles soon.
To enable UPI Trading Blocks, users need to log into their broking platform account, navigate to the ‘Add Funds’ section, select the ‘Single Block Multiple Debits’ option, choose the Paytm app from available payment options, and enter their UPI PIN to complete the setup.
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This launch follows Paytm’s recent introduction of features like the ‘Receive Money QR Widget’ for smartphone home screens and a coin-drop sound for real-time payment notifications. The company has also expanded internationally, now supporting UPI payments in the UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal.
Paytm, which pioneered mobile QR payments in India, continues to develop technologies aimed at bringing half a billion Indians into the mainstream economy.