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

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

How to Link Your Bank Account with UPI?

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

How to create a personalized UPI ID on Paytm

You can easily create and set a personalized UPI ID on Paytm by following the steps given below: 

Step 1: Download the Paytm app and click on your profile icon. 

Step 2: Go to the section ‘UPI Settings’ and then select ‘Manage UPI ID’. 

Step 3: You can choose a personalised UPI ID which others will see when you send or receive money. 

Step 4: You will see a list of UPI IDs on the same page. You can activate the new UPI ID as the primary UPI ID for making payments. 

Key Features and Benefits of Paytm App

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

Fees and Charges for Using Paytm App

How to Check Your Paytm Wallet Balance?

Checking your Paytm Wallet balance is quick and simple. Follow these steps:

• Open the Paytm App on your smartphone.
• On the home screen, tap on the “Balance & History” option.
• You’ll see your Paytm Wallet balance displayed at the top.
• For a detailed view, tap on “Passbook” to check all your wallet transactions and balance updates.

Tip: Ensure you are logged in with the registered mobile number linked to your Paytm Wallet.

Paytm as a Third-party UPI Application

The National Payments Corporation of India (NPCI) has approved One97 Communications Limited (OCL), the parent company of Paytm, to operate as a Third-party Application Provider (TPAP) under the multi-bank model for UPI services. This much-anticipated license allows Paytm to continue offering Unified Payments Interface (UPI) services to its app users, even after its banking unit, Paytm Payment Bank Limited (PPBL), ceases operations post-15 March 2024 due to regulatory actions.

Under this new model, Paytm will partner with four banks — Axis Bank, HDFC Bank, State Bank of India, and Yes Bank — that will serve as its Payment System Providers (PSPs). PSPs are banks that enable UPI apps to connect with the banking system, and only banks can fulfil this role. Previously, PPBL provided this service for Paytm, holding the TPAP license, which negated the need for a separate TPAP license for Paytm. Unlike its rivals, such as Google Pay, PhonePe, Cred, and Amazon Pay, Paytm had its own bank.

Additionally, Yes Bank will act as the merchant acquiring bank for Paytm’s existing and new UPI merchants. Consequently, the @Paytm handle will be redirected to Yes Bank, ensuring that users and merchants can continue UPI transactions and AutoPay mandates seamlessly. The NPCI has instructed Paytm to complete the migration of all existing handles and mandates to the new PSP banks as soon as possible.

Paytm, the third-largest UPI payments app in India, processed 1.41 billion transactions worth Rs. 1.65 lakh crore in February, down from 1.57 billion transactions valued at Rs. 1.93 lakh crore in January, according to NPCI data. For Paytm, a significant portion of transactions and approximately 75% of its Gross Merchandise Value (GMV) come from customers using UPI for transactions on its app.