What is the use of wallet in Paytm?

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What is the use of wallet in Paytm?

Use Paytm wallet to pay electricity bills, school fees, book flight tickets, etc! Pay your mobile phone bill easily through Paytm wallet! Transfer money to the Paytm wallet easily to another Paytm wallet user! Complete transactions at POS or make online payments using Paytm!

Can we use Paytm without wallet?

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 get cash from Paytm wallet?

Follow these simple steps to transfer your money from Paytm to your bank account

  1. 1Open the Paytm app & Tap on ‘Passbook’
  2. 2Select ‘Paytm Wallet’
  3. 3Select ‘Send Money To Bank’
  4. 4Tap ‘Transfer’
  5. 5Enter the amount & bank details.
  6. 6Confirm the transfer.
  7. 7Its done! Money transferred successfully.
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Is Paytm wallet good?

Paytm wallet is a secure and RBI-approved digital/mobile wallet that you can use for multiple purposes. 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.

How much money can save in Paytm wallet?

99,999 can be added to the Paytm wallet. It is to be noted that the wallet amount cannot exceed Rs. 99,999.

Can I send money from Paytm wallet to bank account?

Money transfer on Paytm is powered by BHIM UPI, a revolutionary technology which enables payment to your bank account directly using mobile number only. Now, you can transfer money only using UPI address apart from usual “Account Number & IFSC” based money transfer. Beneficiary gets money instantly.

What is the benefit of Paytm KYC?

Without KYC, Paytm users cannot add money to their Paytm Wallets. Full KYC upgrades your monthly limit to INR 1 Lakh and lets users avail of several other services.

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How to pay or send money from Paytm Wallet FAQs?

Launch your Paytm App.

  • Tap on the ‘Pay’ icon.
  • Tap on the Mobile Number option.
  • Enter the mobile number of the person whom you want to send money to.
  • Enter the amount you want to send.
  • You can mention the reason for sending money.
  • Tap on ‘Pay’.

    • Can we transfer Oyo wallet money to Paytm?

    OYO wallet is a closed wallet and the amount credited is for promotional purposes only. They are just credits that can be used for hotel booking and other services. So technically, you cannot transfer any money from the wallet to Paytm. This was all about how to use OYO money and everything related to OYO’s virtual currency.

    Is Paytm same as PayPal?

    PayPal has accused Paytm of using the same color as its logo. The first syllable of both the company names is “pay”, which PayPal fears will confuse and delude customers. PayPal does not want its customers to be confused, as people tend to recognize the first syllable more than the second one.

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