You will have to change your @Paytm UPI handle; here's how to activate new UPI ID on Paytm app

economictimes.indiatimes.com:

Paytm Payments Bank cannot accept further credits into its customer accounts and wallets after March 15, 2024, certain additional steps have become necessary to ensure seamless digital payments by UPI customers using '@paytm', the Reserve Bank of India (RBI) had said in March 2024 via a circular.

Also read: Do you have a @Paytm UPI handle? 4 things you should know to migrate your UPI handle

In response to this, this the National Payments Corporation of India (NPCI) has authorised One 97 Communications (OCL), the parent company of Paytm Payments Bank, to transfer its customers' UPI (Unified Payments Interface) payments to other banks.

In March, NPCI also granted OCL permission to function as a Third-Party Application Provider (TPAP) in accordance with a multi-bank model. This means that Paytm can now provide UPI services through partner banks.

After the approval, Paytm has expedited the integration with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank.

According to the Paytm press release issued last week, “Following NPCI's approval on March 14, 2024, to onboard OCL as a Third-Party Application Provider (TPAP) on the Multi Payment Service Provider API Model, Paytm has expedited the integration with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank. All four banks are operational on the TPAP, streamlining the process for Paytm to shift user accounts to these PSP banks.”

What are the new UPI handles?

Eventually (although there is no deadline now), users' current UPI IDs with "@paytm"