{"id":54116,"date":"2018-07-23T12:59:41","date_gmt":"2018-07-23T12:59:41","guid":{"rendered":"https:\/\/cashkaro.com\/blog\/?p=54116"},"modified":"2023-05-19T07:34:50","modified_gmt":"2023-05-19T07:34:50","slug":"how-does-paytm-work","status":"publish","type":"post","link":"https:\/\/cashkaro.com\/blog\/how-does-paytm-work\/54116","title":{"rendered":"What is Paytm App, How Does it Work &amp; How To Use It?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"what-is-paytm\"><strong>What is Paytm?<\/strong><\/h2>\n\n\n\n<p>India\u2019s largest mobile payments and commerce platform, owned by One97 Communications, Paytm helps you transfer money to anyone at zero cost. The app can be used for various purposes like making online recharges, paying utility bills, taxi fares, pharmacies, buying movie tickets, travel tickets and more. Since, demonetization, mobile apps like these have become massively popular. You can add up to Rs. 10,000 per month on Paytm and if your KYC is done, you can add up to Rs. 1 lakh in the Paytm wallet at any time. Paytm also ensures utmost safety; it is an RBI-approved wallet and does not store credit card data or passwords.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-does-paytm-work\"><strong> How Does Paytm work?<\/strong><\/h2>\n\n\n\n<p>Paytm works in two ways, one is a wallet and the other is Paytm payments bank. This enables you to make or accept payments at any time without the use of liquid cash. If there\u2019s an internet unavailability, you can also scan a QR code in order to make a payment.<\/p>\n\n\n\n<p>Money stored in your Paytm wallet can also be sent to your bank account. In order to do this, you can follow the steps below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tap on the Passbook icon on your home screen<\/li>\n\n\n\n<li>Select \u201cSend Money to Bank\u201d<\/li>\n\n\n\n<li>Tap on the transfer button<\/li>\n\n\n\n<li>Enter the amount, account holder\u2019s name, account number and IFSC code<\/li>\n\n\n\n<li>Press \u201cSend\u201d<\/li>\n<\/ul>\n\n\n\n<p>Transferring money from Paytm can sometimes take up to 7 days to reflect in your account due to downtime or network fluctuation. In such cases when the bank is unable to settle the dues, the money is rolled back to one\u2019s Paytm wallet along with a notification.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-use-paytm\"><strong>How To Use Paytm?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Download Paytm and register on the app<\/li>\n\n\n\n<li>Login to Paytm using email id or mobile number<\/li>\n\n\n\n<li>Add money to the Paytm Wallet using any of the following means \u2013 Debit Card, Credit Card, Net Banking, ATM, IMPS<\/li>\n\n\n\n<li>To transfer money to someone, use the Pay or Send option<\/li>\n\n\n\n<li>You can now send money to other bank accounts, or to someone else using Paytm by either scanning a QR code or using their registered phone number<\/li>\n<\/ul>\n\n\n\n<p>If you are a Paytm user, you can gain more on this app by using <a href=\"https:\/\/cashkaro.com\/stores\/paytm\" target=\"_blank\" rel=\"noopener\">Paytm Coupons<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"faqs\"><strong>FAQs<\/strong><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1666078619234\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How does Paytm earn money?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>It earns from the interest of Paytm&#8217;s wallet balance. If you&#8217;re a frequent Paytm user, you tend to add wallet balance before the actual need arise. The interest on your wallet balance is the actual earning of Paytm. In recent years, Paytm has given its payment gateway to many operators which are also a source of earning for Paytm.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1666078624379\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Is it safe to use Paytm?\u00a0<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, Paytm is a secured payment platform and all its transactions are 128-bit encryption SSL security. Also, Paytm claims that it never stores your CVV number of credit or a debit card.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1666078638994\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Is it safe to buy a mobile from Paytm?\u00a0<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, it is completely safe to buy a mobile from Paytm through COD or online payment.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1666078646844\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How can I use Paytm for the first time?\u00a0<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>There are simple steps through which you can use Paytm for the first time. Just create an account in Paytm, add money in your wallet and shop on Paytm.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>What is Paytm? India\u2019s largest mobile payments and commerce platform, owned by One97 Communications, Paytm helps you transfer money to anyone at zero cost. The app can be used for various purposes like making online recharges, paying utility bills, taxi fares, pharmacies, buying movie tickets, travel tickets and more. Since, demonetization, mobile apps like these [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":54117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[58],"tags":[565],"offerexpiration":[],"class_list":["post-54116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-app","tag-paytm"],"_links":{"self":[{"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/posts\/54116"}],"collection":[{"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/comments?post=54116"}],"version-history":[{"count":3,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/posts\/54116\/revisions"}],"predecessor-version":[{"id":219778,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/posts\/54116\/revisions\/219778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/media\/54117"}],"wp:attachment":[{"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/media?parent=54116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/categories?post=54116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/tags?post=54116"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/cashkaro.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=54116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}