On Thursday, Paytm[1] rolled out the newest version of its iOS app, finally bringing BHIM UPI[2] a couple of months after the facility launched on Android[3] in November. With the latest update, you can use the Paytm app on your iPhone to connect and operate your bank account via UPI, and you can send money to any bank account through this. Apart from this, Paytm Payments Bank savings account holders can now order a physical debit card from the app itself.
The BHIM UPI update is the same feature as seen on Android; there is only one difference as far as we can tell - in both iOS and Android the UPI button comes in the top banner, but on Android it has the word "Cashback" highlighted above it, while iOS does not. Other than that, it functions the same as it does on Android.
You tap on the button to create your Virtual Payment Address (VPA) by linking your bank account. You don't need to have a Paytm Payments Bank[4] account, or even a Paytm Wallet, in order to use this functionality - the payments bank is separate from the Paytm wallet, while UPI allows you to link a VPA to any participating bank. This means you could have an SBI or ICICI account, and still choose to operate it via the Paytm app.
The UPI integration is a part of the main Paytm app, so you just need to update it on your iPhone - in the top banner, you'll see a button marked BHIM UPI, and it has the same icon as the BHIM app[5]. Tap on this to create your VPA and link your...