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Paytm App

Paytm UPI

Last Updated 17th Jan 2021

  • Paytm was founded by Vijay Shekhar Sharma in 2010.
  • It enables users to make digital payments through UPI platform and also from one Paytm wallet to another.
  • It is a brand of One97 Communications Limited, headquartered in Noida.
  • Paytm also offers services like making payment for utility bills, mobile recharge, DTH recharge, tickets booking, insurance, investment, e-commerce platform, etc.
  • You can send and receive money any time through Paytm on any day.
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Paytm UPI Payments App

Paytm is the leading digital wallet solution provider of the country. Along with providing a digital wallet, it offers other financial services as well, like banking and investment. Paytm also provides e-commerce services to its users along with other financial solutions like credit score, transfer of funds to a bank account, payments to merchants, etc. Paytm is founded by Vijay Shekhar Sharma and it is the flagship brand of One97 Communications Limited. Some of its notable investors are Berkshire Hathway, SAIF Partners, Discovery Capital, SoftBank and Ant Financial.

One97 Communications Limited is headquartered in Noida. The users of Paytm can use BHIM UPI on the Paytm app by linking their bank account with the UPI. You can use Paytm for various services such as, sending and receiving money, purchase of various products, paying utility bills, mobile and digital tv recharge, getting insurance, making an investment or opening an account in the Paytm Payments Bank which is country's largest digital bank.

Paytm UPI Login

To set up your account in Paytm UPI app follow these steps:

  • Open the Paytm app, and then click on the 'Login/Signup' option at the top right corner.
  • In the next step, click on 'Sign Up' and enter your mobile number, email address and a password.
  • Now, click on 'Create Your Paytm Wallet'.
  • Enter the OTP received on your mobile number, follow it up by entering your First Name and Last Name. After that, click on 'Create your Paytm Wallet', and your Paytm account is created.

Features of Paytm App

The features of Paytm App are as following:

  • You can make payment to merchants through their mobile number, scanning OR code or using the e-commerce platform of Paytm.
  • You can send and receive payments 24X7.
  • You can recharge your Paytm wallet through credit card, debit card, net banking and UPI ID as well.
  • Through Paytm app, you can easily do various other transactions like mobile recharge, DHTV recharge, bill payment of utilities like electricity and water.
  • You can make an investment in SIP through Paytm.
  • You can also buy movie tickets along with booking train and flight tickets as well.
  • It also offers e-commerce platform from which you can buy various products as per your need.
  • Paytm also offers various games for your entertainment as well. Some of them give you the chance to earn as well.

Transaction Limit & Charges of Paytm

As per the schedule of charges by Paytm, transactions up to ₹ 10,000 can be done for free. Above ₹ 10,000 in a month, you will be charged 1.75% of the amount plus GST. Also, in case the first transaction in itself exceeds ₹ 10,000 and then the charge will be levied on the whole amount.

No charges are levied for Paytm to Paytm wallet transfer and for payment to the merchant.

The charges for transferring from Paytm wallet to Paytm payments bank or any other bank account is 5%.

How to Download Paytm UPI App?

Follow the below-mentioned steps to download Paytm:

  • Go to the app store on your smartphone.
  • Now, in the search bar type, ‘Paytm’, and search for the app in the store.
  • Install the Paytm from playstore or iOS app store.

Paytm App Customer Care

For any queries or to file any complaint with Paytm, you can contact their customer hotline toll-free number 0120-3888-388.

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FAQs

What is Paytm UPI app?

Paytm is one of the most popular digital payment apps in India. It offers quick payments through UPI platform for both Paytm wallets and merchants. It was founded in 2010 by Vijay Shekhar Sharma in India.

What is Paytm and UPI?

Paytm is a UPI based mobile app through which you can make digital payments in real-time. UPI enables real-time payment digitally from one bank account to another.

Is Paytm app safe?

Yes, it is PCI-DSS compliant in terms of security. The information regarding CVV is not stored. In addition, all financial transactions are done on the 128-bit encryption SSL security on Paytm to ensure safety.

Is Paytm app Indian?

Paytm is founded by Vijay Shekhar Sharma. It is a flagship brand of One97 Communications Limited and is headquartered in Noida.

Is UPI and Paytm the same?

No, Paytm is the mobile app, while UPI is the platform through which transfer of money takes place from one account to another.


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