Paytm, one of India's leading digital payment platforms, has announced a shift in its UPI (Unified Payments Interface) services to new partner banks. This decision comes following the approval from the National Payments Corporation of India (NPCI) for Paytm's parent company, One 97 Communications (OCL), to operate under a multi-bank model. The new partner banks include Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank. 

For users, this transition will result in a seamless experience, with continued access to UPI payments and AutoPay mandates. Paytm assures users that the transition will not disrupt their ability to make transactions smoothly.

During the migration process, users' current UPI IDs with "@paytm" will be replaced with new IDs associated with any of the four partner banks- @ptsbi, @pthdfc, @ptaxis, and @ptyes. This change is intended to ensure uninterrupted UPI transactions for both users and merchants.

To minimize inconvenience, Paytm will prioritize the migration of users with "@paytm" handles, ensuring a hassle-free transition for all parties involved.