Paytm APK
From type writers to laptops, hand written letters to emails the world has constantly evolved in almost every aspect and it is still evolving. Hence the concept of paper money is soon giving way to online currency. Apps such as Paytm acts as medium for transactions between customer and seller. This app owned by One97 communications, started by allowing merchants to accept Paytm as a form of payment in 2018 and now it has grown considerably to not only allow transactions but also various offers and cashbacks.
How Paytm works
Known as India’s best digital wallet, Paytm is an app that allows you to transfer money with no cost. You can purchase goods, buy a bus ticket or pay your bills simply by downloading this app. Replacing the wallets you have with what’s know as a ‘Paytm wallet’ from which you can perform your transactions.
In order to use this, you need to setup your Paytm account entering your mobile number and email ID proceeded by transferring the minimum required amount of money to your Paytm wallet using debit, credit card or online banking to activate it.
The minimum amount of money allowed per month is Rs.10,000 but the limit can be extended on completing the KYC (Know Your Customer) processor to as much as Rs.1 Lakh.
To transfer money to someone you can avail of the option to Pay or Send depending on the situation. Making payments can be easily done by just scanning the QR code provided or if sending to a fellow Paytm user, via their phone number.
A spectacular feature about this app is the ability to make payements offline as well which overcomes the drawbacks of when a person is experiencing networking issues. If the payment is via Paytm then you simply click whether you want to pay or send the money, choose between the option of using QR or bar codes and simply scan that and verify using the given OTP number.
How to download Paytm
Depending on the operating system we can download this app through their respective app stores. For an Android user you can search and download it from the Playstore. Android 4.1 and above is required to install it and it is applicable for smart phones and tablets also.
For Apple users you can search and download it from appstore shall followed by installation. You require iOS 10.0 and above and is suitable for iPhone’s, iPad and ipad touch.
Paytm features
- You are able to keep a tab on the transanctions made on the ‘My Orders’ section. This way you can never lose track of the amount you have expended. An SMS is also relayed to make sure the transfer of money was done by you.
- The most important and well noted feature Is that it allows transanctions to take place free of cost. Proven that it Is a great and useful app to use, it being given free of cost Is another benifit waiting to be reaped.
- Paytm being a widely used app in India can be used to pay bills, you can recharge your prepaid phone, you can purchase goods from Paytm mall and many more by just a click of a button
- To open a Paytm account is easy and simple to do, once opened they provide you with a video to operate the application properly and make use of all the services provided by them.
Is Paytm safe and secure to download?
Paytm is an RBI-approved digital wallet that ensures it’s users that it is safe and secure. The use exceptional encryption technology for pass codes provided during the transaction not revealing the pass codes length or contents and impossible to guess. It is PCI DSS 2.0 certified meaning the credit card information and other personal data is stored encrypted .
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