What is Paytm and how does it work?

What is Paytm and how does it work?

It is like digital cash that you can utilize for any kind of consumer payment. You can add money to the Paytm wallet through UPI, internet banking, or credit/debit cards. Also, you can send money from a Paytm wallet to a bank account or another person’s Paytm wallet.

How can I setup Paytm?

Steps to create Paytm account via web:

  1. Visit Paytm.com.
  2. Click on ‘Log In/Sign Up’ on the top-right corner of the page.
  3. Click on ‘Sign Up’
  4. Enter your mobile number, email address and a password.
  5. Click on ‘Create your Paytm Wallet’
  6. Enter the OTP, your First Name, Last Name and click on ‘Create your Paytm Wallet’

What is a Paytm number?

0120-4880-880. Our customer care is available to help you 24*7. Currently, the helpline is available in English and Hindi. In case you need any further assistance, you can register your issue with us. We will try to solve your concern at the earliest.

What is Paytm app?

Paytm is India’s leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh.

Can I use Paytm without ATM card?

If you don’t have or use a debit card you can still transfer money to your paytm wallet through Paytm mobile app as well as Paytm.com. You can use your credit card, net banking or UPI ID to add money in Paytm without a debit card.

Can we use Paytm wallet without bank account?

Paytm users won’t be able to use their Paytm wallets for sending money to others or to transfer money to a bank account. However, without KYC, users won’t be able to send money to their friends or transfer the money back to a Bank Account. This is the only impact if you don’t undergo KYC process.

Is KYC needed for Paytm?

A. Minimum KYC is required for using Wallet. Without minimum KYC it is still possible for you to use Paytm for UPI money transfer and make purchases using credit/debit cards and net-banking.

How can I add money in Paytm without bank account?

Log into your Paytm account and click on ‘Paytm Wallet’ icon towards the top right of the page. Enter the amount you want to add and click on ‘Add Money’ You can choose to add money via Credit/Debit card, Net Banking or UPI. You will be redirected to a secure payment page where you need to provide payment details.

How can I open my Aadhar card with Paytm?

Launch your Paytm App. Tap on the Profile icon at the top right corner of the screen. Tap on ‘Edit Profile’ at top right corner of the screen. Scroll down to the field for PAN Card and Aadhaar Card.

Can I use Paytm without bank account and KYC?

How safe is Paytm money?

Paytm Money trading app is a safe and secured app with bank-level security that protects the customer data and transactions from unauthorized access. Moreover, Paytm Money trading platforms are secured with two-factor authentication with additional security with fingerprint and pin-based locks.

What is the daily limit of Paytm?

Right now there are no charges associated with either setting up an account with Paytm UPI or using Paytm UPI for money transfer to any other bank account or payments to merchants. NPCI has indicated that it will charge Rs….

Daily Money Transfer Limit ₹100,000
No. of transactions per day 20

Is Paytm a profitable company?

Out of all of One97 Communications subsidies, Paytm Payments Bank (PPBL) is the only profitable one, with a second year of profits. The company said its profit has grown 55% from INR 19.2 Cr in FY19 to INR 29.8 Cr in FY2020, largely led by higher customer acquisition in smaller cities and towns to drive financial inclusion in the country.

What are the benefits of using Paytm?

Benefits of using Paytm wallet- It is quick & safe, Pay bill payment, recharge book ticket and lots more in a single application and keep track of all under order history. Widely accepted today, Keep your wallet loaded & you don’t need to carry debit or credit card means fewer chances for being fraud, Easily Return money to the same bank when you need,

What is the way to use Paytm?

Open the Paytm app.

  • On the app home screen,tap on the ‘ Pay or Send ‘ option.
  • Tap on the ” Mobile No. ” option.
  • Enter the mobile number of the person to which you want to pay or send the money. If you don’t remember the number,you can choose it from your contacts.
  • Enter the desired amount.
  • Tap on the ‘ Send Money ‘ button to proceed with the payment.
  • How to pay someone from Paytm?

    To do so, follow these steps: Open the Paytm app. On the app home screen, tap on the ‘ Pay or Send ‘ option. Tap on the ” Mobile No. ” option. Enter the mobile number of the person to which you want to pay or send the money. If you don’t remember the number, you… Enter the desired amount. Tap on