How to send money from Paytm wallet to a mobile number? (2024)
Updated - March 17, 2023 at 10:30 AM.| Chennai
Paytm wallet can be used to send money to another person’s bank account/Paytm wallet. Users can also use the digital wallet to send money securely to a mobile number.
Paytm wallet is a secure digital/mobile wallet that can be used through the Paytm app, as well as for transactions on other websites and apps. Users can add money to it through UPI, internet banking, or credit/debit cards.
Paytm wallet can be used to send money to another person’s bank account/Paytm wallet. Users can also use the digital wallet to send money securely to a mobile number.
Click on the top of your paytm home screen “Pay” option.Then enter their “paytm” number or scan their paytm QR code and then proceed to transfer by entering the respective amount.
Both the sender and the receiver needs to complete their KYC (Know Your Customer). In case, any one of the parties have not completed their KYC, the transaction would not happen.
The Paytm Wallet streamlines your financial transactions, from mobile recharges to settling credit card bills. One standout feature of the Paytm platform is the ability to transfer funds effortlessly to any bank account, whether yours or someone else's, without incurring extra charges.
Paytm customers can transfer UPI payments to any UPI-registered cellphone number, even if the recipient doesn't have a Paytm account. The recipient can get the funds via Paytm UPI transfer if they have a registered UPI ID on Gpay, Amazon Pay, PhonePe, or any other payment app.
When you transfer your money using Paytm, we ensure your mobile number is only partially revealed to the recipient. Only the first two and the last four digits of your mobile number would appear in the recipient's Paytm Passbook.
If you have money in your Paytm wallet then you have to trasnfer into Bank account or in that account which your Google Pay mobile registered bank account no. After successful transfer you have your all Paytm wallet money into your Google Pay Registered Mobile No.
No, you do not need to complete the KYC process to make UPI money transfers on the Paytm app. However, when you register on the Paytm app, you are required to link your bank accounts with the app. This ensures that the necessary KYC takes place during the account linking process.
Paytm users can scan a UPI QR code from any app, as these codes are linked to bank accounts for UPI payments. The money sent is deducted from the sender's account and deposited directly into the linked bank account of the receiver.
No, you do not need to complete the KYC process to make UPI money transfers on the Paytm app. However, when you register on the Paytm app, you are required to link your bank accounts with the app. This ensures that the necessary KYC takes place during the account linking process.
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