Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, a leading financial services distribution company, and the pioneer of mobile payments, Paytm QR and Soundbox, has launched Paytm Split Bills on the Paytm app this Friendship Day. Designed for friend groups, college students, Gen Z and young professionals, it helps manage shared spending across road trips, birthday celebrations, weekend brunches, movie nights, online food orders, shopping and other group plans. 

Friends can create a group, add each expense and choose whether to divide it equally, by exact amount, shares or percentage. The group summary shows the total amount spent, each person’s share, pending balances, amounts to pay or receive and recent activity. Payment reminders can be sent directly from the Paytm app, while dues can be settled through Paytm UPI with the amount and recipient details already filled in. 

Paytm Split Bills offers unlimited expense entries at no cost, without entry limits, paid upgrades or additional charges. Expenses paid through Paytm UPI, other payment apps, cash, cards or any other method can be recorded in the same group, keeping the complete shared expense history together. Payments settled separately can also be marked as received. 

Paytm spokesperson said, “Shared moments should be remembered, not spent calculating who owes whom. Paytm Split Bills gives friends a simple way to manage group expenses and settle dues through Paytm UPI, while helping us build Paytm as a financial life app for India.” 

How to use Paytm Split Bills:

1. Open the Paytm app, go to the ‘Pay Anyone’ section and tap ‘Split Bills’.
2. Create a new group or select an existing group.
3. Add contacts, enter the group name and select the group type, such as trip, home, couple or others.
4. Tap ‘Add Expense’, enter the amount and choose a category such as food, groceries, travel, bills, shopping, fuel or entertainment.
5. Select who paid and divide the expense equally, by exact amount, shares or percentage.
6. Review pending balances and send payment reminders from the group summary.
7. Settle dues through Paytm UPI or mark payments as received. 

The launch expands Paytm’s financial life app proposition by bringing payments and money management together in one place. The Paytm app also offers Spend Summary for clearer spending insights, Hide Payments for greater privacy, Download UPI Statement for easier payment records and smartphone home screen widgets for faster access to send and receive money. Paytm also gives Gold Coins on every payment, redeemable into real gold.