Paytm now lets you add a beneficiary for money transfers

[Sushubh]

Now add Beneficiary and send up to Rs 1 Lakh using Paytm

Update your Paytm app from the Google Play Store or Apple Store.
Go to Profile, tap on Manage Beneficiary and select Add Beneficiary
To send money to other user’s wallet, add their Mobile Number. Once you do this, you can send up to Rs. 1 Lakh to another user in a month!
To send money to any bank account, add bank account details. Once you add this, you can send up to Rs.25k in a month