It’s time for “Change”

Yes we are in a crisis. Never have we ever valued our “change” as much as we do Since Prime Minister Narendra Modi announced the demonetisation of the Rs. 500 and Rs. 1,000 notes. The exhausting queues in front of Cash Dispensers, to deposit cash, to exchange notes and just about everywhere Cash is involved really makes us depend on alternative payment methods for our daily needs. This is the time for the E-wallet app – Paytm to rule the society.

The most common alternative payment methods are debit cards, charge cards, prepaid cards debit cards, bank transfers, phone and mobile payments, cheques, money order and cash payments. Card payments are already familiar to many, its mobile and online payments yet to gain momentum in India.

Paytm (an acronym for “Pay through Mobile”) claims to be the largest online payments platform in the country. But there are many more in India who are yet to use Paytm and its digital wallet. The lack of cash in hand has made digital wallets a necessity for the common man. The only necessity for this is a smart phone propelling the likes of Paytm to the top of the Indian user’s mind.


Paytm owned by One97 Communications gives people better ways to manage and move their money online. With an open, secure and technology agnostic payments platform that is used to securely transact online and increasingly on mobile devices. Among the transactions you can make on Paytm are recharges for mobile phones, data cards, etc. as well as post-paid payments for daily household bills, etc. You can also book and pay for Uber cab rides.

What is Paytm wallet?

Paytm Wallet is the digital payment instrument where you can transfer money from your bank account or credit card to use for transactions on the platform. You need to set up a Paytm account and transfer cash to the wallet. You can add up to Rs. 10,000 in a month in the Wallet. There are even methods to increase this monthly limit.

How to use Paytm and Paytm wallet?

To use, follow the steps below:

  1. Make Paytm account. You would only require your mobile number and email ID.paytm2
  2. Transfer money to your Paytm Wallet using netbanking, debit card or credit card.
  3. Select the ‘Pay or Send’ option to transfer money to someone else.
  4. Payments to others or to bank accounts can be done by scanning a QR code.
  5. Alternatively, transfer it via their phone number.


How to use Paytm offline?

PayTM introduced a service wherein people possessing a feature phone with no internet connection also can use PayTM to perform transactions to pay bills, recharge prepaid SIM cards, buy things, etc.

  1. Call on 1800-1800-1234 toll-free number via your phone number
  2. Now, your call will be disconnected and you will get a call from PayTM
  3. You need to setup a PIN for your safety for the first time
  4. After the PIN setup is completed, enter the number you want to send money to along with amount.

What are some alternatives to Paytm?

While Paytm is the dominant player in the online and mobile payments scene, others are not far behind either. FreeCharge, MobiKwik, Ola Money and PyUMoney are other names that are popular too.

Is Paytm wallet safe?

Paytm is a RBI approved wallet assuring it security. Paytm uses Verisign-certified 128-bit encryption technology. This means that the secret key used in transactions is a sequence of 128 bits and so does not reveal anything about the password length or contents. So all in all it is a secure app in itself.

So checkout the live features and experience the feel of e-wallet at their official site:Paytm

Go cashless..!!:)