what is paytm?
Paytm is a digital paytm system based in India in single sentence. But there are lot of things you can do in paytm application, let's discuss some important paytm apps feature below....
Paytm(meaning pay thorough mobile) and pronounce similar to ATM , is an Indian electronic payment system and financial technology company owned by one97 communication Ltd.
Founded by Vijay shekhar sharma. Paytm headquarter is in moida, uttar pradesh India. Paytm gives services like payment system, digital wallets, mobile payment services, easy internet banking, online shopping etc.
Paytm is available in 11 major indian languages and offer online services like mobile recharges, bill payment, DTH, travel management, movie tickets, event show booking, LPG booking, electric bill payment, movie passes, hotel booking, travel guidelines, mobile prepaid and postpaid, internet services broadband and landline, google play recharge, metro, apartment rent, water bill, challan fees, various fee payment, data card, cable tv, toll, nearby wifi hotspot and many more.
Follow below steps to create your paytm account correctly......
Step 1. Download and install the application from playstore and if you have iphone then download it from appsstore.
Step 2. Signup to create paytm account using your mobile number or email id
Step 3. Transfer some money to wallet through your banking account.
Step 4. Once the money reached to payment wallet,then you can use pay option on your app.
Step 5. Once payment over sign out your account or leave it as you want.
There is also another suggestion given by paytm. User can transfer money through two options.one is paytm wallet to another paytm wallet and another bank to bank money transfer.
The second option of paytm is given for paytm payments bank.this will run as like other bank.the user who have already having paytm wallet account can migrate with bank account.later they can enjoy all the benefit which they can increase in usability of paytm in e-payment and e-transaction by people.
How paytm work?
Paytm works in three different ways.one is paytm wallet and second is paytm upi(universal payment interface) and last one is paytm payment bank. Paytm is a digital payment system which allows you to transfer money through credit cards,debit cards,online banking and banking partners.
By keeping money in the paytm wallet you can pay all bills without spending liquid cash anywhere. This helps you in numbers of ways,as you make payments digitaly like mobile recharge,card payment, electric bill etc. For you need to transfer money from your bank account to paytm wallet after that you can use this money process.
Look upto our next blog to know in details paytm wallet scqurities and others e-payment scqurities.
Thank You!
Read also: What is Facebook?
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