Paytm has rolled out a new feature; expanding its mobile wallet service beyond the app. If you use Paytm, you’ll now be able to send money directly from your contact list. This feature will roll out for Android users only, and will be integrated in the smartphone s custom phone book. Paytm has tweeted out a short clip explaining how the feature works. Also Read - 43 Chinese apps banned in India removed from Google Play Store, App StoreAlso Read - Google Pay will not charge transfer fee from Indian users; Google India clarifies
This feature is quite simple, and you don’t need to open the Paytm app on your device to send money. Simply open your phonebook, and select the contact you want to send money to. After selecting the contact, tap on Send Money just below the contact. In the payment section, enter the desired amount. Tap Proceed to Pay , and the amount will be transferred.
Although this payment shortcut from Paytm has been integrated into Android, the feature doesn t work independent of the app. Paytm confirmed that both parties need to have the Paytm app installed on their smartphones. Paytm itself houses different services within like paying electricity, phone bills and also its e-store, Paytm Mall. For the payment feature to be integrated on Android, it probably would have made more sense for it to work without the presence of the app. ALSO READ: Paytm might be investing in BigBasket to take on Amazon in online grocery
Prior to this announcement, there were reports about Paytm integrating messaging into its app. With this integration, Paytm would strive to be more than a mobile wallet, as its chat feature will allow users to share text, video, and images for free. It is also said that Paytm could be rolling out the chat integration as soon as two weeks. With over 225 million users, Paytm s new chat feature could potentially pose a threat to WhatsApp which boasts over 200 million monthly active users in India. RELATED: Paytm mulls integrating messaging capabilities to steal WhatsApp users