Paytm Wallet App : Send & Receive Money Or Pay Utility Bills

Paytm Wallet App

Paytm is a popular digital payments app and one of India’s biggest mobile-based platform for cashless payments. Users can pay for services at retail outlets, make online purchases and send and receive money through the app. Customers will be able to use BHIM UPI on the app by linking their bank account with the UPI address. Paytm can be used for:

  • Sending and receiving money
  • Making purchases online
  • Paying utility bills
  • Recharging mobile phones
  • Paying for transport services

How to Add Money to Paytm Wallet

Step 1: Download the app and click on the ‘Add Money’ option in the home screen

Step 2: Key in the amount that needs to be added and click on ‘Add Money’

Step 3: Choose the method of payment and click on ‘Pay Now’

Step 4: A confirmation message will be displayed on the screen

How to Pay Using Paytm Wallet (Scan and Pay)

The Paytm app can be used to pay at retails stores, restaurants, kirana stores, petrol pumps, etc.

Step 1: After downloading the app and adding money, go to the home screen and click on ‘Pay or Send’

Step 2: Proceed to scan the QR code of the merchant in order to make the payment

Step 3: Under the ‘Enter Amount’ tab, key in the value and confirm payment

Step 4: A confirmation message will be displayed on screen

How to Send Money to Bank Account Through Paytm Wallet:

Step 1: Launch the Paytm wallet on your mobile phone and choose the ‘Pay and Send’ icon

Step 2: Proceed to choose the ‘Send to Bank’ option

Step 3: Enter beneficiary name, account number and IFSC Code

Step 4: Key in the amount of money that needs to be sent to the bank account

Step 5: There is also an option to enter any remarks, if necessary

Step 6: Proceed to click on the ‘Send’ option to successfully complete the transaction

Check IFSC Code for Top Banks:

Step 1: Login to the Paytm app on your mobile phone and go to the homescreen

Step 2: Click on ‘BHIM UPI’ and proceed to click on the UPI address

Step 3: Now, go on to click ‘Add Bank Account’ and choose the name of the bank

Step 4: Paytm will automatically get bank account details

Features and Benefits

  • Easy, fast and convenient method of sending money and making payments
  • Can be used on a 24/7 basis
  • Safe and secure
  • Works on all 365 days in a year including bank holidays

Paytm Fees & Charges

Type of transaction Type of fee Charges
For sending money to bank Convenience charges For non-KYC and KYC customers - 3%
For sending money to someone No fee No fee

 

FAQ's of Paytm

  1. How to get bank IFSC code on Paytm?

    Ans: IFSC code can be obtained by clicking on ‘Get IFSC’ and choosing the concerned bank and branch.

  2. What a customer do if she/he is unable to scan a code while making payments at an outlet?

    Ans: In such a case, the customer is advised to turn on the flash on the mobile phone.

  3. How will a customer know if a payment or transaction has been successful?

    Ans: All customers will receive a confirmation message after a transaction is completed on the app and also through text message.

  4. Is it possible to take a look at older transactions on the app?

    Ans: Yes. This can be done on the app by clicking on the ‘Passbook’ option.

  5. What can a customer do if a wrong amount is accidentally keyed in while making payments to a merchant?

    Ans: A refund request can be made to the concerned merchant.

Other IFSC Related Article

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IMPS BHIM AEPS
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SBI UPI Demand Draft

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News About Paytm App : Send & Receive Money Or Pay Utility Bills

  • Paytm Takes Over Smart Savings Management Startup Balance.Tech

    Indian e-commerce payment system and digital wallet company Paytm have purchased Balance.Tech, a Bangalore-based smart-savings management startup that was established in 2016. The start-up which has been acquired operated a personal savings app which allowed users to save minor change and invest in fixed deposits (FDs) and mutual funds. Apart from this, the startup also provided financial education and empowered product allocation through adaptable goals.

    With the takeover, Paytm has set its sights on building intelligent products for more than 200 million customers using Balance.Tech’s insights.

    Paytm CFO and senior vice president Madhur Deora while commenting on the deal stated that the Balance.Tech team will help Paytm in creating customized and intuitive user experiences. Ankit Kumar, the CEO and co-founder of Balance.Tech expressed hope that the deal would enable them to bring in computational intelligence, unique design and proprietary algorithms with balance to help the users of Paytm accomplish more with the help of their money. It needs to be mentioned that as part of the deal, a six-member Balance.Tech team has joined Paytm’s product and design teams.

    20 August 2018

  • My Payments: The New Feature Launched on the Paytm App

    Paytm has launched a new feature known as ‘My Payments’ on the app which allows customers to pay recurring expenses. These expenses that have to be paid every month can now be performed with a single click. As per Deepak Abbot, senior vice president of Paytm, the new feature will increase the traffic on the application by six fold. The process of paying monthly bills will also become hassle-free. This feature has been added after Paytm scrapped charges that were levied during transfer of funds from one bank to another. This step has ensured that there will be lot more bank to bank transactions than earlier on the app. Paytm is aiming to process 60,000 crore monthly bank transaction by the end of 2018. With Paytm planning to invest Rs. 5000 crore, the number of transactions per year are expected to rise to 2 billion from 1 billion.

    16 May 2018

  • Paytm Sees Growth Rate at 33%

    Popular payments platform Paytm has been growing at a fast pace and this trend has been seen after the integration with the Unified Payments Interface (UPI).

    All UPI-based transactions saw a surge and reached a whopping 190 million in the month of April. As of now as many as 63 million UPI-based transactions have been registered in the last month. The company has a 33% share as far as UPI transactions are concerned. In the month of February the growth rate for Paytm through UPI has 33.3% higher when compared to the last month.

    15 May 2018

  • Paytm Introduces NFC - Based Paytm Tap Cards

    Paytm has recently introduced NFC-based Paytm Tap Cards in a bid to enable individuals to make payments at any merchant outlet without them needing to use the internet. The move by the mobile-first financial services company is being seen as a big push towards digital payments. With the help of the Tap cards, users who stays in areas where the internet connection is weak can now seamlessly use these cards to make digital payments. The company has introduced the concept of offline payments in collaboration with Yeldi.com, a digital payment company that focuses on Near-field communication (NFC). Following the introduction of the Tap card, Kiran Vasireddy, the COO of Paytm has stated that the motive behind the development was to take digital payments to users from every walk of life.

    It needs to be mentioned that this is not the first time that Paytm has introduced the offline payment concept in the country. Prior to the introduction of the Tap cards, the company had come up with QR code based offline payments in 2015.

    7 May 2018

  • Paytm to Offer More Fund-Transfer Based Services

    One of India’s most popular digital payments apps Paytm is now likely to offer more fund transfer based services to customers.

    This has been seen after Know-Your-Customer (KYC) came into force. The mobile payment app is likely to go on a diversification drive and offer fund transfer facilities through Immediate Payment Service (IMPS). Paytm has been looking for business opportunities to expand its product base for a long time now. After, KYC norms came in, they wanted to use it as an opportunity to expand.

    UPI can also be used on the platform along with BHIM.

    10 April 2018

  • Paytm Transaction Value Increases 4-Fold

    The popular digital payment platform Paytm has seen a four-fold increase as far as the annual transaction value is concerned for March 2018 as against the previous year. In fact, the gross annual transaction value is more than $20 billion, which is around Rs.1.3 lakh crore. These numbers when compared to those in March 2017, is four times higher.

    Apart from this, around 1 billion transactions are being registered through the platform each quarter. Paytm has also expanded its scale of offerings by including payments for traffic fines, highway toll gates and even for Mumbai ‘dabbawalas’.

    26 March 2018

  • Paytm to Roll Out New Update Allowing Users to Receive Payments on Bank Account

    When it comes to mobile payment apps, Paytm has been a favourite among the masses given its use of using UI, smooth experience and worthy add-ons. The e-payments and e-commerce brand has added a new functionality to its app to ensure that users can now avail a complete all-in-one mobile payments app. The new functionality which will be rolled out following an update is of receiving refunds of failed transactions as well as of money directly into bank accounts. It needs to be mentioned that prior whenever there was a failed transaction the money was refunded into the Paytm wallet and for users to credit the money into their bank accounts they had to undergo lots of hassle. The latest update will not only cut down the hassle that users had to face up till now but also enable them to receive money directly on their bank accounts. To start using the feature All they would need to do is go to the section called ‘Accept Money’ in the profile settings and tap on ‘Add a Bank Account’. After that, the user needs to enter the bank account number, IFSC code, name of the bank and the OTP sent on the registered mobile number for confirmation. The new features will be available to users in the latest version of the Paytm app.

    20 March 2018

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