Following its success on iOS and Android platforms, Paytm has deployed its service to the popular Windows 10 Mobile operating system. Paytm is a bill payment service that allows users to transfer money from their bank account to a digital wallet, allowing them to make payments without a credit or debit card. You can use it to pay by data card, pay DTH, or pay other utility bills (electricity, water, etc.), and also to top up your account from your mobile phone. Many Indians are now considering using e-wallets like Paytm to make online payments and transfer money using their iPhones, Android smartphones, or Windows Mobile phones.
The paytm ifsc code will help you if you’re looking for an IFSC code.
How to use Paytm?
To utilize Paytm, you should initially have a cell phone (smartphone). Second, you must have a debit or credit card. If you do not have a debit/credit card, you can still transfer money to your Paytm account through a Paytm retailer who can transfer money to your account using their own Paytm account. He may charge a nominal fee for this.
Now, if you haven’t downloaded the app yet, download it from the official links provided at the end of this post and install it on your phone.
Once the app is installed, launch the app. Create an account by entering the required information and following the instructions on the screen. To complete the registration process, you will be prompted to enter an OTP or one-time password. You’ll receive an OTP through the SMS, enter it.
Now set a password for your account. Then log in to your account. The advantage of using Paytm is that the same login details can be used to log in to Paytm through a web browser to make online payments. No additional account is required.
The advantage of using Paytm is that the same login details can be used to log in to Paytm through a web browser to make online payments. No additional account is required.
With all your belongings in place, add some amount to your account. The maximum limit for a single account is INR 20,000. To finish the installment, select the installment choice – Debit Card or Credit Card. Net Banking as a payment method is also available for use.
Validate your transaction using OTP or 3D Secure PIN and you’re good to go. After you have the required amount in your wallet, you can use it to pay. Most local retail stores accept Paytm.
There are currently two primary alternatives accessible to pay for any buy made:
- Scan Paytm QR Code Displayed by Merchant
- Using the mobile phone number of the owner of Paytm.
An additional way to pay with Paytm is via a QR code in your app. In this method, the seller will scan the code on your phone, and then you can enter the amount you want to pay him.
Paytm also offers an offline payment option. You must call the toll-free number 1800 1800 1234 and complete an online transaction without using the Internet. To make a payment, you and the merchant need to create a 4-digit Paytm PIN. Next, enter the recipient’s mobile phone number and enter the payment amount. Finally, you need to provide your Paytm recipient PIN. The amount will be transferred to the recipient’s Paytm account.
Paytm fundamentally works as a Digital Wallet, a term utilized for an electronic gadget that permits you to make online business exchanges, generally through your cell phone. This gives you instant access to your accounts – much like the various cards you keep in your wallet, but without the bulky rubber bands holding it together. If you want to check out the options, here is a list of some of the best mobile wallets in India.
Is the mode of economic transactions through Paytm safe?
Yes! The money securely held in your Paytm Cash account is on a PCI DSS certified commercial security platform that uses proven VeriSign technology.