what is Paytm?
Paytm is an Indian e-commerce and digital payment platform. Which is being handled by a company called One97 communication. Paytm means “Pay through mobile” which was started in the year 2010 by Vijay Shekhar Sharma, its founder, from his office in Noida. You can make payment to any person using Paytm wallet without any transaction fee.
Using Paytm App, you can book essential services like online mobile recharge, bill payments, DTH recharge, ticket booking and gas cylinder sitting at home. According to the company, more than 7 million merchants in India use Paytm QR code to accept payments which go directly to their bank accounts.
Due to such a large number of merchants being associated with Paytm, you can make payment even in grocery stores and fruit vegetable shops by scanning Paytm QR Code. You can add money to Paytm wallet from your bank account. Read this post to know how to add money to Paytm. Additionally, you can purchase goods on the company’s e-commerce platform using Paytm wallet.
What you can do using Paytm:
Using Paytm you can send and receive money directly from your bank account.
You can send money to another Paytm user by entering his mobile number or bank details or make payment by scanning the Paytm QR code installed in any store. Payment for products on all popular online stores through Paytm wallet
Can be done from. Apart from this, you will also get the facility of online mobile recharge, DTH recharge and online payment of bills.
From booking movie tickets online to paying for essential things like water, gas bill, electricity bill, credit card bill payment, challan payment and fee payment, you can use Paytm app. Apart from booking train, bus and flight tickets, online hotel booking can also be done through Payt…
How to create account in Paytm :
To avail any of the online services mentioned above, you will have to first register with Paytm. For this, download the Paytm app on your phone, then click on “Create a New Account” in the Login-in section and enter your mobile number and password. Then an OTP will come on your number. After entering it, your Paytm account will be created. You can also do this entire process step by step by seeing below.
Step 1: If you are an Android user then install Paytm app from Play Store.
Step 2: Now at the top left, you will see three blue lines, which is also called More icon, click on it.
Step 3: In this step click on Create an Account.
Step 4: To use Paytm, you have to give some mandatory permissions, for that click on ‘G…
Can I use Paytm Wallet without KYC?
If you want to use all the online features of Paytm then you should know about Paytm KYC. For example, if someone sends you money in Paytm wallet and you want to transfer it to your bank, then it will be mandatory for you to get KYC done. The full form of KYC is “Know your customer”. Under this, the company asks for ID proof from the Paytm user to verify his identity.
However, even without KYC, you can do mobile recharge, bill payment, movie tickets, travel booking and payment in any store with the help of QR code through Paytm. But KYC is mandatory to avail all the features like – Paytm users will not be able to use their Paytm wallet to send money to others or transfer money to their bank account. You will even face difficulties in adding money to your Paytm wallet.
After doing full KYC, all the features are opened for the user. You can keep more money in Paytm wallet, apart from this the limit for transferring money also increases significantly. So if you want to make better use of this digital wallet then it becomes mandatory for you to get KYC done.