One97 Communications Limited (OCL) that owns the brand Paytm, homegrown payments and financial services distribution company and a player in mobile payments, QR, Soundbox, has launched a new UPI statement download service.
This innovative service empowers users to monitor and manage their spending by allowing them to easily access their transaction records for any date range or financial year in a simple, downloadable PDF format (Excel format to be introduced soon).
As digital payments gain popularity, this functionality meets the evolving needs of Paytm users who seek transparency and efficiency in financial management. With the UPI statement download, users can access detailed transaction records, including transaction amounts, recipient details, bank accounts used, and timestamps, all in a clear, user-friendly format. This service is particularly valuable for tracking spending, budgeting, maintaining comprehensive financial records, and efficient tax filing, supporting effective financial management and informed decision-making.
The UPI statement download is located within the ‘Balance & History’ section, where users can select their desired date range and download statements with just a few clicks. These statements are easy to save, share, and use for tasks such as tax filing and expense tracking, providing added convenience and flexibility.
Paytm spokesperson said, "Our commitment to advancing mobile payments drives us to offer services that simplify financial management and provide convenience for our users. With the UPI statement download, we innovate to offer easy access to transaction history, empowering users to make informed financial decisions.”
On the Paytm app, users can seamlessly make payments to any merchant or individual, facilitating Peer-to-Peer (P2P) transfers between bank accounts and other UPI apps, thereby enabling interoperability. Additionally, Paytm offers UPI Lite for small transactions under Rs 2,000 daily. Users can also link their RuPay Credit Card with UPI and utilise the auto-pay feature for effortless bill payments. Moreover, they can check their bank account balances and make self-account transfers with ease.
