Paytm (One 97 Communications Limited), a leading player in India’s payments and financial services sector, has introduced UPI Trading Blocks, also known as Single Block Multiple Debits, to enhance the trading experience for stock market investors.
With this feature, Paytm UPI users can authorize automatic payment deductions directly from their bank accounts for trades, eliminating the need to transfer large sums to brokerage accounts in advance. This ensures that traders continue earning interest on their funds until they make actual trades, as the money remains in their bank accounts.
Built on NPCI’s UPI infrastructure, Paytm’s UPI Trading Blocks enable seamless, automatic fund deductions at the time of trade without requiring a UPI PIN. The feature provides full transparency and security, allowing investors to manage and track their transactions effortlessly through the Paytm app.
Currently, this functionality is available for UPI handles linked to Axis Bank (@ptaxis) and Yes Bank (@ptyes). Paytm has confirmed that support for State Bank of India (@ptsbi) and HDFC Bank (@pthdfc) will be introduced soon, expanding accessibility for more users.
By integrating UPI Trading Blocks, Paytm continues to innovate in digital payments and financial services, making stock trading payments more seamless and efficient for investors across India.