Paytm Wallet Apk : Download [ Latest Version ] For Android, Ios

By | November 28, 2016

Paytm was an Indian e-commerce website. Paytm is owned by One 97 Communications. dowload Paytm wallet from here.  As the Prime Minister Narendra Modi announced the demonisation of Rs 500 and Rs 1000 notes, everybody is moving towards to Online payment mode with the use of different mobile wallets. The shortage of liquid currency in hand leads to long lines in front of the concerned banks and ATM’s which is very disgusting. So most of the people who are having smartphones, using their digital wallets to make the transactions. There are several types of digital wallets available in the market but the Paytm Wallet is claimed to be the best digital wallet. It is having 150 million of users all over the India and providing the biggest online payment platform.


But the thing here is, most of the android mobile users also don’t know the benefits of having the Paytm Wallet in their mobiles. Most of the people don’t know how the Paytm wallet works and what we can do with it. For those people, we are going to discuss regarding complete details of the Paytm Digital Wallet along with its benefits of using in online transactions.

What is Paytm:

Paytm application was developed and owned by One97 Communications which is digital payment platform used to transfer the money into wallet through your Debit cards, Credit cards, Internet Banking. You can buy a number of goods using this Paytm digital wallet very easily without using the liquid cash. Once you transfer the money into wallet then you can make the transactions such as DTH recharges, recharges for mobiles, Postpaid bill payments, book movie tickets, bus tickets, flight tickets, train tickets and much more with a single click. Paytm also has E-commerce platform where you can find 8 lakhs of merchants and you can buy the goods through offline payments.

Paytm Wallet:

As discussed, Paytm wallet allows you to make the online transactions without using the cash and also you can transfer your money to this wallet. In order to create an account of Paytm, you need to provide your mobile number along with your E-mail ID. You can transfer the money up to 10,000 in a month to make the transactions and if you want to increase the limit, contact the support team and add the money up to 1 lakhs rupees. To add the money to your wallet open the Paytm application on your mobile, tap on Add money, mention the amount you want to transfer and choose the payment mode. That’s it, now you can check the passbook option whether the money is added or not. You can even transfer the money to any bank account using this Paytm application on your smartphone.

How to use Paytm Wallet:

After adding the money to your Paytm digital wallet through debit or credit cards and Internet Banking you can make the cash-free transactions to purchase the goods. As already discussed, you can send the money to any Paytm account or bank account using this application. If you want to do that, you need to open the app and tap on “pay or send” option and complete the transaction using QR code or using recipient’s mobile number. In the case of demonetization, this feature is the best to opt for sending the money to anyone into their Paytm wallet or certain bank

How to use Paytm wallet for offline payments:

If any retailer is accepting the Paytm as a mode of payment then you need to open the Paytm application, scan the  QR codes or barcodes and with the help of One Time Password, complete the transaction. Even the Internet connection is not good, you can go with this option which is very easy for offline payments.

Is Paytm Wallet Safe:

Security is the main intention of everyone in making the online payments through this types of digital wallets. Most of the people may feel insecure while making the online transactions. But the Paytm application keeps the money safe as it protected under Escrow account of the reputed bank. As it uses the Verisign certified 128-bit encryption technology, the secret key in the transactions will not be revealed at any cost and also it doesn’t reveal the password contents or length. As this platform is certified with PCI DSS 2.0 your credit card details won’t be stored in that in a unencrypted form.

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